Japanese Yen Near Historic Lows Against USD – Scotiabank
Scotiabank analysts note the Japanese Yen is the best-performing G10 currency on the day, though it remains near historic lows versus the US Dollar.
USDJPY
Scotiabank strategists Shaun Osborne and Eric Theoret highlighted the Japanese Yen as the top-performing G10 currency in the latest session. However, gains remain limited as the Yen continues to trade near historic lows against the US Dollar.
The comments from Scotiabank underscore persistent pressure on the Yen despite occasional intraday strength. The pair remains in focus as markets watch for possible intervention or policy shifts from Japanese authorities.
Source: FXStreet Forex News