📝FX Score Board Leaves Yen As An Outlier: Saxo

The JPY to remain under pressure barring a loud policy signal from Japan that counters common knowledge or something that drives heightened anticipation of intervention in Fed policy from the Trump administration. EURJPY hit a new all-time high. It’s amazing that JPY is achieving a -8.6 reading (rare to see absolute magnitude of trends exceeding about 6 outside of precious metals) with an ATR ranking (daily trading ranges for JPY pairs) in the bottom 10% of the last 1,000 trading days – really demonstrates the degree to which the yen is an outlier here. Elsewhere, signals are muted, with SEK notable in the strong column, while AUD has faded slightly. - Saxo Bank