JPY fades as sentiment recovers – Scotiabank
Source Fxstreet
Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
JPY may consolidate further
"JPY is soft, down 0.2% vs. the USD and underperforming most of the G10 currencies along with its haven peer CHF within the broader context of mild risk appetite."
"The violent two-way price action observed over the past 24 hours hints at the potential for near-term consolidation as markets assess shifting risks around sentiment given headlines related to Trump, trade, and the Fed."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
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