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JPY underperforming G10 - Scotiabank
Breaking news
JPY underperforming G10 - Scotiabank
New
2025.08.21 20:26
2025.08.21 20:26
2025.08.21 20:26
The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
This week's movement ignoring narrower, JPY-supportive spreads
"The preliminary PMI's were mixed, with a modest improvement in the (still contractionary) manufacturing reading and a slight moderation in the (barely expansionary) services print. CPI data will be the highlight of the week and the release is scheduled for 7:30pm ET."
"Narrowing USJapan spreads remain supportive for the yen, reflecting renewed confidence in BoJ tightening and a continued rise in Japanese yields with the 20Y following the 10Y's lead in breaking to fresh multi-decade highs."
Last updated
: 2025.08.21
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EUR/USD holds ground around 1.1650 as markets eye US PMI release
The Euro (EUR) is trading with a muted tone against the US Dollar (USD) on Thursday, holding steady around 1.1650 as markets digest the latest US labor data and await fresh business activity figures.
New
2025.08.21 22:31EUR/GBP steady above 0.8650 as traders weigh US-EU deal and PMI data
The Euro (EUR) is holding steady against the British Pound (GBP) on Thursday, consolidating gains after Wednesday's sharp rebound.
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2025.08.21 21:50US: Initial Jobless Claims rose to 235K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance rose to 235K for the week ending August 16.
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2025.08.21 21:35Gold drifts lower as US Dollar steadies, traders eye upcoming US economic data
Gold (XAU/USD) edges lower on Thursday, retreating modestly after Wednesday's sharp rebound from three-week lows, as the metal failed to clear technical resistance near $3,350.
New
2025.08.21 21:17Fed's Bostic: Inflation remains well above Fed's 2% target
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Thursday that the Fed policy has been positioned to return inflation to the 2% target, per Reuters.
New
2025.08.21 21:00AUD/USD picks up from two-month lows at 0.6415 ahead of US data
The Aussie Dollar is attempting to regain lost ground against its US counterpart on Thursday, following a 1.75% sell-off in the last five trading days.
New
2025.08.21 20:58UK: Mirroring its European counterparts - NOMURA
The UK PMIs also surprised to the upside relative to our and consensus expectations. The composite PMI output index rose by 1.6pts to 53.0. The rise was squarely concentrated in the services sector, however.
New
2025.08.21 20:47Fed's Schmid: Not in a hurry to cut interest rates
Federal Reserve Bank of Kansas City President Jeff Schmid said on Thursday that the last mile of inflation will be "pretty hard," per Reuters.
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2025.08.21 20:45JPY underperforming G10 - Scotiabank
The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.21 20:25GBP outperforming G10 with modest gain - Scotiabank
The Pound Sterling (GBP) is up a modest 0.1% against the US Dollar (USD) and outperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.21 20:24Disclaimer:
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