USD/JPY pushing the barriers – Scotiabank

By FXStreet FXStreet (Guatemala) – Analyst at Scotiabank explained that JPY’s recent haven-driven gains have pushed it well above levels implied by considerations of relative policy.

Key Quotes:

“Specifically the 2Y U.S.-Japan yield spread.

Continued turbulence should maintain pressure on USD/JPY, however we note a considerable vulnerability to rapid gains in the event of a moderation in risk aversion.”
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Source:: FX Street