The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Narrowing yield spreads in a JPY-supportive manner
"Domestic developments have been limited, as markets await the release of key GDP and industrial production data later this week. The latest JPY gains are being driven by external developments and specifically the softening in rate expectations for the Fed, narrowing yield spreads in a JPY-supportive manner."
"For USD/JPY, we anticipate a bearish break of the narrow mid-146/mid-148 range that has defined price action since early August."
作者：FXStreet Insights Team，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()