4 Sep 2013
Flash: Sell deep downside risk on USD/JPY, but prudence intraday – Societe Generale
FXstreet.com (London) - Sebastien Galy, strategist at Societe Generale eyes Yen in break out mode.
Key Quotes:
“USD/JPY continues its break out mode but is failing to break the key psychological 100 level”.
“USD/JPY is more a function of global sentiment and much as positioning in equities is still heavy with positioning leaving it with a poor risk reward”.
“The longer term trend is clear with more easing to compensate the VAT tax hike”.
Key Quotes:
“USD/JPY continues its break out mode but is failing to break the key psychological 100 level”.
“USD/JPY is more a function of global sentiment and much as positioning in equities is still heavy with positioning leaving it with a poor risk reward”.
“The longer term trend is clear with more easing to compensate the VAT tax hike”.