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USD/JPY offers insight to the market - Scotiabank

FXStreet (Guatemala) - USD/JPY remains range‐bound, with the JPY seeing little or no obvious benefit from the heightened volatlity and uncertainty that surrounded yesterday’s ECB decision.

Key Quotes:

"Global stocks remain soft today but FX safe havens are not in demand, suggesting that volatlity is driven by short‐term position adjustment rather than deeper‐rooted worries. Japanese cash earnings rose a higher than expected 0.7% in October. Steady, if minor, gains in wages augur positively for consumption and inflation."

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