10 Jul 2014
USD/JPY technical turning increasingly bearish - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the strength of the JPY and conditions surrounding USD/JPY.
Key Quotes
"Risk aversion in markets, caused by geopolitical risks as well as a deceleration in the potential Q2 growth for China and Europe has supported the currency”.
“We would not expect a break of the recent USD/JPY lows of 100.76; however downside pressure is clearly building with technicals turning increasingly bearish."
Key Quotes
"Risk aversion in markets, caused by geopolitical risks as well as a deceleration in the potential Q2 growth for China and Europe has supported the currency”.
“We would not expect a break of the recent USD/JPY lows of 100.76; however downside pressure is clearly building with technicals turning increasingly bearish."