7 Nov 2013
Flash : USD/JPY 102 handle for the NY? – BTMU
FXstreet.com (London) - Nanao Shimakage, Research Assistant at The Bank of Tokyo-Mitsubishi UFJ, Ltd see’s USD/JPY in the 102 handle in three months time.
Key Quotes:
“We expect that the JPY will depreciate in a narrow range, as there will be fewer supporting and encouraging factors. However, the recent market uncertainty has clarified firm limited downside for USD/JPY”.
“Abenomics moved into the implementation phase this autumn, and the fiscal flow of funds will support JGB and JPY stability”.
We maintain our view of USD/JPY remaining in a narrow range, at JPY99 in one month and JPY102 in three months”.
Key Quotes:
“We expect that the JPY will depreciate in a narrow range, as there will be fewer supporting and encouraging factors. However, the recent market uncertainty has clarified firm limited downside for USD/JPY”.
“Abenomics moved into the implementation phase this autumn, and the fiscal flow of funds will support JGB and JPY stability”.
We maintain our view of USD/JPY remaining in a narrow range, at JPY99 in one month and JPY102 in three months”.