USD/JPY at fresh monthly low’s - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted how the JPY is strong, rallying to a fresh multi-month highs.

Key Quotes:

"The quarterly Tankan (released at 7:50pm EST) will be the focus and watched closely for its outlook for manufacturing but also for prices and USD/JPY. In today’s FT, PM Abe, highlights the progress and commitment on the third arrow”.

"USD/JPY short-term technicals: bearish technical studies warn of USDJPY downside. Accordingly for near-term traders we favour being short USD/JPY."