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TD say still plenty of room for yen gains, see as low as 120 by the end of March
TD analysts on the yen, some broief snippets from a longer piece.
First, on monetary policy divergence between the Federal Reserve and Bank of Japan:
- With the Fed ceding leadership on policy to the ECB and the BoJ, JPY trading bias remains asymmetric and with considerable room for gains.
Targeting:
- We expect USD/JPY to register a 120-125 handle this quarter
- We think rallies to 133/134 in will make for an attractive short
Meanwhile,... Read More
Posted: Jan 15 2023, 22:05
Author Name: forexlive
Views: 110231