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USD/JPY eyes next week data as key - Scotiabank

FXStreet (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that USD/JPY is flat to yesterday’s close; having rallied up above 108 during yesterday’s North American session.

Key Quote:

" As risk aversion has faded USD/JPY has shifted back to trading on fundamentals, driving it higher”.

“Next week is an important one, with significant data releases, including retail sales, industrial production, national CPI, household spending and the jobless rate."

"We maintain that USD/JPY trends higher, interrupted by periods of risk aversion lead drops. We hold a yearend 109 target."

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