TenkoFX - Analytics


    419.75 7.25/10
    68% of positive reviews

    Yen: weaker on risk appetite, watching Fed and BoJ - Scotiabank Ross J Burland

    JPY is soft and underperforming along with gold in an environment of risk appetite. Key Quotes:"The dominance of the broader tone is impressive, leaving JPY vulnerable to violent haven-driven gains in periods of risk aversion and modest, steady weakness in periods of risk appetite.""This short-lived reprieve in sentiment has done little to reverse much of the recent shift in risk reversals, still pricing in a sizeable premium for protection against JPY strength—around levels last seen in the crisis environment from mid-February.JPY is highly vulnerable heading into Wednesday’s Fed events with added risk from the BoJ policy decision that is set to follow early in Thursday’s Asian session."

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree