USD/JPY: all eyes on BoJ, Yen remains vulnerable - Scotiabank
|Analysts at Scotiabank explained that the JPY should remain vulnerable into the end of the week.
Key Quotes:
"We note the potential for a re-test of last Thursday’s multi-year high."
"Near-term risk lies with the release of the BoJ’s April meeting minutes at 7:50pm EST and BoJ Gov."
"Kuroda’s public appearance—the events favor JPY strength as we consider the recent shift in Japan’s policy mix favoring fiscal stimulus."
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