USD/JPY: market selling back risk-off gains - Scotiabank

Analysts at Scotiabank explained that the JPY is retreating from a fresh one month high.

Key Quotes:

"The JPY is retreating from a fresh one month high reached in early Asian trade with gains driven by the broader tone of uncertainty following the collapse of German coalition talks. 

Trade figures disappointed with a smaller than expected surplus and weaker than expected growth in both exports and imports. This week’s release calendar is empty and Japan also celebrates Thanksgiving on Thursday."