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6 Jan 2014
Flash: Implications for Yen on a USD recovery- Rabobank
FXstreet.com (London) - Jane Foley, Senior Currency Strategist at Rabobank explained that a gentle recovery for the USD will also have implications for USD/JPY.
Key Quotes:
“We do expect that USD/JPY will head higher this year supported by the extreme policy measures taken by the BoJ”.
“However, the pace of gains in USD/JPY could slow relative to the pace maintained into year-end suggesting that USD/JPY107.00 could be further away than it currently seems”.
Key Quotes:
“We do expect that USD/JPY will head higher this year supported by the extreme policy measures taken by the BoJ”.
“However, the pace of gains in USD/JPY could slow relative to the pace maintained into year-end suggesting that USD/JPY107.00 could be further away than it currently seems”.