JPY outperforms as risk sentiment sours – Scotiabank

Japanese Yen JPY is outperforming nearly all the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.

PPI adds to support

"JPY is outperforming nearly all the G10 currencies, with the exception of CHF, entering Thursday’s NA session with an astounding 1.5% gain vs. the USD. The safe haven currency is outperforming on the back of a shift in the broader market’s risk tone. Domestic releases have provided for some fundamental strength as well, with markets reacting positively to stronger-than-expected PPI data."

Apr 10, 2025

GBP firmer as markets pare bets for BoE easing – Scotiabank

Pound Sterling (GBP) is up about 0.6% vs. the USD and a mid-performer among its G10 peers, climbing back into the 1.29-1.30 congestion range that had prevailed ahead of last week’s tariff turbulence, Scotiabank's Chief FX Strategist Shaun Osborne notes.

ECB: April cut looks likely – Standard Chartered

ECB’s April policy meeting could be a close call, but we lean towards a 25bps cut. For now, our base case is a June hold, but we see growing risks of another cut given tariff threats.