USD/JPY: market selling back risk-off gains - Scotiabank
Analysts at Scotiabank explained that the JPY is retreating from a fresh one month high.
"The JPY is retreating from a fresh one month high reached in early Asian trade with gains driven by the broader tone of uncertainty following the collapse of German coalition talks.
Trade figures disappointed with a smaller than expected surplus and weaker than expected growth in both exports and imports. This week’s release calendar is empty and Japan also celebrates Thanksgiving on Thursday."