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USD/JPY enjoying a softer JPY - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that JPY is soft.

Key Quotes

"…having dropped to a fresh four month low”.

“The shift higher in USD/JPY was a reflection of the relative interest rate outlook and risk aversion; with the market content to ignore the stronger than expected manufacturing PMI, which rose to 52.4, signaling a stronger expansion."

GBP/USD bears are relentless

GBP/USD is trading at 1.6590, down -0.03% on the day, having posted a daily high at 1.6603 and low at 1.6564.
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USD/CAD bulls targeting 1.1050 for now - TD Securities

Shaun Osbourne, Chief FX Strategist at TD Securities said, in relation to the USD/CAD, that they continue to target 1.1050 near-term.
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