USD/JPY: well bid on fundamentals - Scotiabank

Ross J Burland FXStreet

Analysts at Scoatiabank explained that a stronger USD broadly combined with a 2.3% advance for the N225 can only mean a bid for USD/JPY on the day and a comforting (for Japanese finance officials) move further away from the 100 level.

Key Quotes:

"BoJ Governor Kuroda reiterated that he would not hesitate to boost monetary stimulus at the Jackson Hole retreat, calming market concerns that the BoJ may be reluctant to do deploy more measures to support the economy."

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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