JPY soft in context of trade headline-driven market – Scotiabank
Source Fxstreet
Japanese Yen (JPY) is weak, down 0.7% against the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Markets are waiting for BoJ next week
"Tariff headlines are dominating and pressuring the yen as markets consider the possibility of an easing in tensions between the US and China. Domestically, overnight data included the release of stronger than expected CPI data for Tokyo."
"The BoJ is widely expected to deliver a hold at next week’s meeting, however the statement’s tone will be closely scrutinized for any indications of a shift in the bank’s plans for further tightening."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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EUR/USD declines as US Dollar gains on hopes of easing US-China trade warEUR/USD trades lower around 1.1350 during European trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
EUR/USD trades lower around 1.1350 during European trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
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Gold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
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