JPY unable to capture safe-haven support - Scotiabank
JPY unable to capture safe-haven support - Scotiabank
5 September 2018, 20:27
JPY is soft and drifting back toward last week’s low, unable to capture safe haven support in the context of ongoing EM turbulence.
Key Quotes:
"Widening interest rate differentials are maintaining pressure on JPY as measures of implied volatility show signs of stabilization."
"Risk reversals are also stabilizing, and EURJPY is once again rising after finding support around the 38.2% retracement of the mid-late August rally."
"This week’s domestic releases are limited to Friday’s labor cash earnings data."
EUR/JPY 0001-01-01T00:00:00
Trend Index
StronglyBearish
Leave JPY unable to capture safe-haven support - Scotiabank to:
Best Posts From sir kollins
We have not curated any of sirkollins's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From sir kollins
- NZD/USD: the bird tracking the Aussie, dollar losing grip of its title, but...
- Forex today: dollar bulls scratching their heads, licking their wounds - European politics at the fore
- RBA to remain frozen on external factors
- What We're Watching in Markets
- NAFTA talks to resume in the afternoon - Reuters
- Fed's Bostic: risks to economy on upside and downside are almost perfectly in balance
- Brexit 'tail risk' still prevalent
- AUD/USD sticking to 0.72 heading into Trade Balance data
- GBP/USD: cable gains are limited, drawing out sellers - Scotiabank
- JPY unable to capture safe-haven support - Scotiabank