# Post-(French) election market tone to drive Yen - Scotiabank — Octa

> Scotiabank analysts said post-French election market tone will drive the yen in the absence of major data this week. They noted yen weakness looks extended relative to yield spreads and implied volatility is remarkably low. USD/JPY touched 113.

- Date: 2017-05-08 · published 2017-05-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71227-post-french-election-market-tone-to-drive-yen-scotiabank-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves shift the relative cost of US exports for Asian feed buyers, but the impact on grain and feed prices is modest.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/439581/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.