Yen's risk profile awaits FOMC minutes - Scotiabank
|Analysts at Scotiabank noted that the JPY was outperforming earlier in an environment of mild risk aversion with sentiment dominating a JPY-bearish widening in interest rate differentials.
Key Quotes:
"Relative central bank policy remains a core piece of our forecast for JPY weakness, however, we acknowledge JPY’s risk profile and tendency to see knee-jerk haven-driven gains in periods of risk aversion."
"Near-term risk is centred on the release of the FOMC minutes at 2pm ET."
"Its impact will be key as market participants assess the implications for both relative central bank policy and the broader market tone."
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.