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 USD is mixed to weaker as equity markets push higher and US yields tumble.</li><li>The glaring exception is the JPY which is down more than 1% on the day following the BoJ policy decision earlier.</li><li>Markets are disappointed that the BoJ made only a modest change to its policy stance, announcing that it would take a more flexible approach to its YCC objective and would treat the 1% level for 10Y yields as a “reference point ” from now on.</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 USD is mixed to weaker as equity markets push higher and US yields tumble.The glaring exception is the JPY which is down more than 1% on the day following the BoJ policy decision earlier.Markets are disappointed that the BoJ made only a modest change to its policy stance, announcing that it would take a more flexible approach to its YCC objective and would treat the 1% level for 10Y yields as a “reference point ” from now on.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 - Untangling USD Drivers into Year-End