JPY is strong, outperforming all of the G10 - Scotiabank

Analysts at Scotiabank explained that JPY is strong, outperforming all of the G10 currencies along with CHF and climbing back toward Monday’s one month high.

Key Quotes:

"Sentiment appears to be dominating as JPY ignores the fresh highs in (bearish, adverse) short-term spreads and renewed widening at longer horizons. The broader tone will be crucial into Thursday’s U.S. holiday as the domestic calendar remains empty into the weekend."