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fxAug 14, 2026, 3:37 PM

Scotiabank Sees Policy Risks Supporting Yen Gains vs Dollar

Scotiabank strategists say USD/JPY is trading near 159, with modest yen gains providing reassurance to Japan's Ministry of Finance.

USDJPY

Scotiabank strategists Shaun Osborne and Eric Theoret assess the Japanese yen's recent move against the US dollar. They note that USD/JPY is trading near the 159 level, and that even modest yen gains provide reassurance to Japan's Ministry of Finance after recent market developments.

Key points from the note:

  • USD/JPY is near 159.
  • Modest JPY gains are seen as reassuring for the MoF.
  • Policy risks are supporting yen gains against the US dollar.

The source excerpt does not provide further details on the specific policy risks or official actions, and no additional market levels were included.

Source: FXStreet Forex News