13 May 2013
Forex Flash: USD/JPY, expect little pullback in the high 101s - RBS
FXstreet.com (Barcelona) - The break up in USD/JPY through both 100.00 psychological level and a range of historical levels in the 101s strengthens the case for greater gains in the pair, says Greg Gibbs, currency strategist at RBS.
Greg adds: "We expect relatively little pull-back from current levels in the high 101s, and a continuation of the rising trend. The pace of the upswing may not be as rapid as earlier in the year, but we expect it to be persistent."
Greg adds: "We expect relatively little pull-back from current levels in the high 101s, and a continuation of the rising trend. The pace of the upswing may not be as rapid as earlier in the year, but we expect it to be persistent."