28 Apr 2015
Credit Agricole: JPY remains a sell on rallies – eFXnews
FXStreet (Barcelona) - The Team at Credit Agricole, expect JPY depreciation to continue, hence suggest selling JPY rallies, as noted by eFXnews.
Key Quotes
“In Japan, Fitch yesterday downgraded Japan’s long-term default. According to the rating agency the country failed to offset effects from a delayed sales tax increase. We do not expect the latest development to have any sustained market impact, especially as this week’s main focus will be on the BoJ.”
“When it comes to the JPY we remain of the view that rallies should be sold against the USD. Against the CHF, however, we anticipate only limited upside risk.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“In Japan, Fitch yesterday downgraded Japan’s long-term default. According to the rating agency the country failed to offset effects from a delayed sales tax increase. We do not expect the latest development to have any sustained market impact, especially as this week’s main focus will be on the BoJ.”
“When it comes to the JPY we remain of the view that rallies should be sold against the USD. Against the CHF, however, we anticipate only limited upside risk.”
This content has been provided under specific arrangement with eFXnews.