The Japanese yen (JPY) is strengthening sharply, climbing 0.8% in opposition to the US Greenback (USD) and outperforming most G10 currencies, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
Tighter spreads gas JPY beneficial properties
“The JPY is up a powerful 0.8% vs. the USD and outperforming practically all the G10 currencies on the again of a significant shift within the outlook for relative central financial institution coverage. Spreads are driving JPY beneficial properties, permitting it to take care of its relative outperformance in an setting of easing geopolitical tensions.”
