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14 Apr 2015
JPY expected to trend lower - Scotibank
FXStreet (Guatemala) - The JPY is expected to trend lower, interrupted by brief periods of risk aversion.
Key Quotes:
"The Japanese yen (JPY) closed the first quarter flat to where it began, reflecting offsetting forces that are constraining movement in the JPY."
"Fundamentals are soft, and the BoJ is likely to struggle to achieve its 2% inflation goal, while the US side of the equation is strong."
"However, the range bound trading environment diminishes the use of technical, while the net short JPY position"
"We expect the fundamental outlook to deteriorate, leaving the JPY trending lower, interrupted by brief periods of risk induced strength."
"We hold a year-end USD/JPY target of 125.00."
Key Quotes:
"The Japanese yen (JPY) closed the first quarter flat to where it began, reflecting offsetting forces that are constraining movement in the JPY."
"Fundamentals are soft, and the BoJ is likely to struggle to achieve its 2% inflation goal, while the US side of the equation is strong."
"However, the range bound trading environment diminishes the use of technical, while the net short JPY position"
"We expect the fundamental outlook to deteriorate, leaving the JPY trending lower, interrupted by brief periods of risk induced strength."
"We hold a year-end USD/JPY target of 125.00."