The post JPY advances on narrowing yield spreads to 2022 Lows – Scotiabank appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Monday’s lows and threatens a broader retracement of its mid-November weakness, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets hold steady on BoJ path with 25bp hike priced by March “The yen is up 0.3% vs. the USD and a mid-performer among the G10 currencies as it pushes back toward Monday’s highs (USDJPY lows) and threatens a more meaningful retracement of the weakness observed since mid-November.” “The outlook for relative central bank policy remains supportive and yield spreads are narrowing to fresh multi-year lows at levels last seen in 2022.” “Domestic rate expectations are little changed with markets pricing 20bpts of tightening for December and a full 25bpt hike by March. There are no major domestic releases scheduled through the end of the weak, leaving the focus squarely centered on broader developments.” Source: https://www.fxstreet.com/news/jpy-advances-on-narrowing-yield-spreads-to-2022-lows-scotiabank-202512031522The post JPY advances on narrowing yield spreads to 2022 Lows – Scotiabank appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Monday’s lows and threatens a broader retracement of its mid-November weakness, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets hold steady on BoJ path with 25bp hike priced by March “The yen is up 0.3% vs. the USD and a mid-performer among the G10 currencies as it pushes back toward Monday’s highs (USDJPY lows) and threatens a more meaningful retracement of the weakness observed since mid-November.” “The outlook for relative central bank policy remains supportive and yield spreads are narrowing to fresh multi-year lows at levels last seen in 2022.” “Domestic rate expectations are little changed with markets pricing 20bpts of tightening for December and a full 25bpt hike by March. There are no major domestic releases scheduled through the end of the weak, leaving the focus squarely centered on broader developments.” Source: https://www.fxstreet.com/news/jpy-advances-on-narrowing-yield-spreads-to-2022-lows-scotiabank-202512031522