USD/JPY a big mover this week - Nomura
|Analysts at Nomura explained with the Fed minutes, BOJ exit policy, OPEC and Scandies USD/JPY, has been the big mover in the G10 space this week, approaching the mid-September levels of 111.
Key Quotes:
"News flow in the US has not been particularly negative – durable goods were a little soft, and while the Fed minutes showed divisions among participants on the medium-term inflation outlook, there was little in terms of new information in the minutes. However, we still believe medium-term negative themes surround the dollar."
"The Fed remains content with market pricing being well below the DOTS, and a heavy legislative agenda risks tax disappointments and even a government shutdown as the budget deadline approaches."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.