USD/JPY: yield spreads are little changed from Friday - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank noted that JPY’s gains have been attributed to thin summer trading conditions.

Key Quotes:

"Fundamental developments have been limited, with no major data releases, and PM Abe has announced his intention to seek a third consecutive term as leader of Japan’s LDP."

"Yield spreads are little changed from Friday, and measures of implied JPY remain soft as risk reversals suggest a continued unwind of JPY’s Turkey related haven-driven gains from early August."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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