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USD/JPY: keeping an eye on the broader tone - Scotiabank

Analysts at Scotiabank explained that JPY is weak vs the USD and a mid-performer among the G10 with a modest retreat from its recent multimonth highs. 

Key Quotes:

"The broader tone remains crucial for JPY and yield spreads remain narrow at the lower end of their recent range."

"We continue to highlight JPY’s vulnerability to knee-jerk haven-driven gains and note the added risk posed by extended short JPY speculative positioning."

USD/JPY sticks to daily gains near mid-109s

After closing four days in a row with losses, the USD/JPY pair is making a recovery on Tuesday on the back of an improved market sentiment and increas
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NZD/USD: stretched NZD positioning vulnerable to a further unwind - Scotiabank

Analysts at Scotiabank explained that the NZD remains under broad-based downward pressure.  Key Quotes: "We expect this to continue in the short ter
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