Daily FX Update

JPY OUTPERFORMS, JAPAN CPI BEATS EXPECTATIONS

• USD — relatively unchanged vs most with exception of JPY, AUD. 
• CAD flat, consolidating recent gains, relative BoC-Fed policy supports.
• EUR flat, near one month high on spreads, relative central bank policy.
• GBP unchanged, range-bound on lack of news flow or data.
• JPY outperforms as markets focus on higher CPI, fiscal discussions.
• AUD strengthens, toward upper end of near term range.

Read the full report: FX Daily

 

Scotiabank