USD/JPY: Interest rate differentials are widening - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that the JPY is soft, down 0.2% vs. the USD and underperforming the G10 currencies along with AUD, NZD and CNY.

Key Quotes:

"Interest rate differentials are widening in a JPY-negative manner and JPY once again appears unable to capture safe haven gains resulting from broader market turbulence. Overnight developments have been limited and domestic risk is limited ahead of Friday’s industrial production data."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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