External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The JPY continues to languish. Despite lower US bond yields since Q4 last year, when 10Y yields were trading around 5%, USDJPY remains close to its Q4 peaks near 152.</li><li>A BoJ rate hike—the first in 17 years—failed to budge the currency materially. By many measures, the currency looks cheap— very cheap.</li><li>So, what will it take to push the JPY higher? In no particular order, the following factors are liable to shape JPY trends in the next few months.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The JPY continues to languish. Despite lower US bond yields since Q4 last year, when 10Y yields were trading around 5%, USDJPY remains close to its Q4 peaks near 152.A BoJ rate hike—the first in 17 years—failed to budge the currency materially. By many measures, the currency looks cheap— very cheap.So, what will it take to push the JPY higher? In no particular order, the following factors are liable to shape JPY trends in the next few months.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - The JPY is Cheap—But Might Stay Cheap for a Little Longer