Weakness raises intervention concerns – Scotiabank

Weakness raises intervention concerns – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report USD/JPY is steady but elevated, with recent gains already surpassing prior intervention-trigger levels. A 25 bps Bank of Japan (BoJ) hike on Tuesday is widely anticipated, and markets price nearly one more increase by December. They flag concerns over communication as Governor Ueda will not attend, and […]

RSI enters overbought territory as bears defend 1.4000

RSI enters overbought territory as bears defend 1.4000

USD/CAD trades on the front foot on Friday as lower Oil prices weigh on the commodity-linked Canadian Dollar (CAD) amid cautious optimism that the United States (US) and Iran could reach an agreement that would reopen the Strait of Hormuz. At the time of writing, the pair trades around 1.3979 after touching 1.4024 on Thursday, […]