Yen being pulled in both directions - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the recent developments in USD/JPY.

Key Quotes:

"USD/JPY is higher, retracing half of yesterday’s drop”.

“Risk aversion and fundamentals are pulling USD/JPY in opposing direction; however in the near‐term we would expect a test of 116.80 before it trades back to its highs."