JPY underperforming on sentiment – Scotiabank
The post JPY underperforming on sentiment Scotiabank appeared com. The Japanese Yen (JPY) is weak, down 0. 5% against the US Dollar (USD) and underperforming all of the G10 currencies as we head into Monday’s NA session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets eye US political developments “Sentiment appears to be dominating, with markets cheering the possibility of an end to the government shutdown.” “Fundamental releases have been limited to second-tier leading indicators, which came in as expected. Comments from the BoJ have also leaned somewhat hawkish, and new PM Takaichi has reaffirmed comments respecting central bank independence.” Source:.