The Japanese Yen (JPY) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies into Friday’s NA open, supported by sentiment in an environment of mild risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Pound Sterling remained steady against the Greenback on Thursday after a solid Nonfarm Payrolls report in the United States (US) cemented the case that the Federal Reserve would hold rates at the July meeting, as the Unemployment Rate ticked lower.
The Euro (EUR) is entering Thursday’s NA session unchanged against the US Dollar (USD) as it continues to consolidate just below Monday’s fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.