JPY is outperforming on broader market tone – Scotiabank

FXStreetNov 4, 2025 2:11 PM

View all comments（0）



The Japanese Yen (JPY) is strong, up 0.5% against the US Dollar (USD) and outperforming all of the G10 currencies in an environment broad-based USD strength and risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

JPY reaffirms haven status

"The dominance of sentiment is important, reaffirming the yen’s role as a safe haven currencies—a characteristic with which it has been struggling through recent periods of domestic political turmoil."

"USD/JPY’s technicals are mixed, with modest bullishness in momentum indicators like the RSI and a textbook bearish outside reversal on the candle charts. We are neutral looking to a near-term range bound between 153 and 154."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Western Digital (WDC) Stock Forecast: Melius Targets $1,050 After 84% Margin; Short Setup at $570

TradingKey - Melius Research targets $1,050 for Western Digital. Goldman raised to $650. Q4 earnings are July 29 with consensus EPS of $3.27, up 100%. At $569 in a descending channel, here’s what the bull and bear cases say.

Meta Stock Price Forecast: Heavy Upside Pressure on Stock Price, Can It Still Rise in the Second Half of 2026?

TradingKey - As of July 9 ET, Meta (META) was trading at $631.48, rising 4.7% for the day and reaching an intraday high of $633.27. While Meta's share price has reclaimed the $600 level, technical indicators still suggest the potential for further pullbacks.

Bloom Energy (BE) Stock Forecast: $25B Brookfield Deal, July 28 Earnings

TradingKey - Two short sellers hit Bloom Energy last week — Hunterbrook alleged Chinese scandium supply reliance, Crossroads Capital added a second short. Bloom refuted both. At $257 in a triple bottom, July 28 earnings is the resolution. Here’s the setup for the week ahead.

Alibaba (BABA) Stock Forecast July 2026: Four Catalysts Drove 12% in Two Days; Is the $160 Target Achievable?

TradingKey - Alibaba gained 12% in two days after a $600M DOJ settlement, a Pentagon rule reprieve, reports of limited Nvidia H200 access, and 45% cloud growth expectations. At $111 with Q1 earnings August 28, here’s what the week ahead holds.

NVIDIA (NVDA) Stock Price Forecast July 2026: Goldman Says 21.7x Is ‘Compelling’ After Kyber Delay Denied

TradingKey - NVDA denied a Kyber rack-scale delay report and shares rose 1%. Goldman calls 21.7x forward P/E ‘compelling.’ At $198 with a short setup, here’s what both sides are seeing.

Featured Tools