The Japanese Yen (JPY) is being negotiated in a narrow range and slightly below its G10 peers as the impulse driven by safe shelters fades. The signs of a slowdown in the rebound of the JPY of several months suggest that the turbulence of the market may no longer provide the same impulse for the currency, says Shaun Osborne, head of Strategy of FX of Scotiabank.
JPY is consolidated as the impulse fades
“The JPY is consolidating silently within a tight range and entering the na session as a slight lag in front of the majority of its G10 peers. The rebound of several months in the JPY seems to be showing signs of deceleration after the last period of strength driven by safe shelters resulting from commercial tensions and the turbulence of the market.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
