USDJPY RALLIES TO 2‐MONTH HIGH
* USD is mixed with the growth currencies strong; while JPY weakens.
* USD is mixed as it struggles with an improving economic outlook and dovish Fed—we expect the USD to rally into year‐end.
* CAD is flat; today’s data is housing & manu; but next week’s CPI is key for judging BoC policy from here and likely to weaken CAD.
* EUR flat after a quiet session; EU’s disinflationary trend is confirmed.
* GBP is flat after a quiet session. Next week’s risk is BoE minutes.
* JPY is weak. USDJPY reaches fresh two month high; technicals bullish.
* AUD is flat, trading in a range with a lack of news flow.
* CNY is flat as US Treasury Secretary Lew concludes China visit.
Read full report: FX Daily
Scotiabank