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14 Apr 2015
USD/JPY: Expecting 125.00 year end - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, chief FX Strategist at Scotiabank explained some of the conditions surrounding USD/JPY.
Key Quotes:
"Comments yesterday by PM Abe’s adviser, Koichi Hamada, that at current levels the yen is ‘considerably weak’ and that it is likely coming closer to its limit bit by bit, helped to stabilize the currency."
"In the near‐term we expect USD/JPY to continue to range trade before eventually pushing higher and closing the year at 125"
Key Quotes:
"Comments yesterday by PM Abe’s adviser, Koichi Hamada, that at current levels the yen is ‘considerably weak’ and that it is likely coming closer to its limit bit by bit, helped to stabilize the currency."
"In the near‐term we expect USD/JPY to continue to range trade before eventually pushing higher and closing the year at 125"