Select Language

JPY soft and underperforming G10 - Scotiabank

Breaking news

JPY soft and underperforming G10 - Scotiabank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.03 20:23
JPY soft and underperforming G10 - Scotiabank

update 2025.09.03 20:23

The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (USD) and once again underperforming all of the G10 currencies--albeit this time in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Markets get little guidance from BoJ Gov. following meeting with PM

"Tuesday's global bond market turbulence looks to have calmed somewhat, but higher yields remain a risk for the JPY and a core concern for the BoJ as similar developments in April had pushed the central bank to the sidelines and forced a pause in the tightening cycle."

"BoJ Gov. Ueda is said to have met with PM Ishiba, and post-meeting comments offered little in terms of policy intentions. For USDJPY, we note the bullish break of the 200 day MA (148.86) opening up the risk of a push to 150 and the recent highs around 151. Momentum is bullish with an RSI at 57."



Date

Created

 : 2025.09.03

Update

Last updated

 : 2025.09.03

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Gold pares gains as strong US data offsets Fed cut narrative

Gold price trimmed earlier gains after reaching a daily high of $3,761 on Thursday, following the release of a US jobs report that showed signs of strength, contrary to the main reason for cutting rates last week. Also, traders are eyeing the release of inflation data on Friday.
New
update2025.09.26 03:19

FX Today: US, Tokyo inflation in the limelight

The US Dollar (USD) picked up strong pace on Thursday, advancing to three-week highs as investors assessed firmer US data releases while Fed officials gave mixed remarks regarding the Fed's rate path.
New
update2025.09.26 03:15

Fed's Logan calls for Fed to modernize interest rate target system

Federal Reserve (Fed) Bank of Dallas President Lorie Logan stated on Thursday that the Fed needs to modernize how it approaches setting interest rates, acknowledging that the central bank may need to allow for more volatility in the underlying repo rate and noted that the Fed has overhauled its rate
New
update2025.09.26 02:57

Goolsbee says rates can come down, but pace depends on inflation

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee acknowledged that interest rates are currently in restrictive territory, implying there may be room to move lower soon.
New
update2025.09.26 01:54

USD/JPY rallies to seven-week high; focus shifts to US PCE and Tokyo CPI

The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, with USD/JPY surging to its highest level in seven weeks.
New
update2025.09.26 01:29

GBP/JPY slips as UK fiscal concerns weigh, BoJ hike bets firm

The Pound Sterling losses ground versus the Japanese Yen on Thursday as the cross-pair reversed its course from around weekly highs of 200.34, weighed by investors growing concerns about Britain finances. The GBP/JPY trades at 199.72, down 0.27%.
New
update2025.09.26 00:26

United States FX Today: The US Dollar climbs as we approach crucial PCE inflation data

The US Dollar Index (DXY) is trading strongly on Thursday, awaiting data on the Personal Consumption Expenditures (PCE) Price Index, due on Friday at 12:30 GMT.
New
update2025.09.26 00:25

EUR/GBP rises to late-July highs amid UK fiscal strains and political uncertainty

The Euro (EUR) strengthens against the British Pound (GBP) on Thursday, with EUR/GBP trading around 0.8740 after briefly touching its highest level since July 28 earlier in the day.
New
update2025.09.25 23:53

Canada FX Today: The Canadian Dollar awaits a GDP lifeline as economic headwinds mount

The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July's monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.
New
update2025.09.25 23:35

GBP/USD falls to three-week low as strong US data boosts Dollar

The British Pound (GBP) loses ground against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3400 psychological mark as a wave of stronger-than-expected US economic data revives demand for the Greenback.
New
update2025.09.25 22:55

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel