2 Dec 2014
USD/JPY to remain pressurized – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team notes that JPY pressure may persist ahead of the mid-December elections in Japan.
Key Quotes
“Expect underlying pressure on the JPY to persist ahead of the mid-December elections in Japan, especially if PM Abe returns to power with a renewed mandate to further pursue stimulatory measures. As such, dips may remain shallow multi-session ahead of the US NFP on Friday.“
Key Quotes
“Expect underlying pressure on the JPY to persist ahead of the mid-December elections in Japan, especially if PM Abe returns to power with a renewed mandate to further pursue stimulatory measures. As such, dips may remain shallow multi-session ahead of the US NFP on Friday.“