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#1 12-06-2015 06:17:12

johnedward
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USD/JPY: RBS remains bullish, aims for 130 by end of year

USD/JPY: RBS remains bullish, aims for 130 by end of year


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The volatility of the JPY is volatile in itself and this is probably exacerbated by recent comments by BoJ Governor, Mr. Kuroda, says the RBS bank.

"However, the governor remains ready to use a more aggressive monetary policy to achieve the 2% inflation target as early as possible, before September of next year if possible."

"We therefore remain bullish on the USD/JPY and anticipate a retest of 125 and even 130 during the year."

"US rates rose to a new cyclical high since the expectations of a rate hike before the end of the year have increased. This should strengthen the dollar. Retail sales today should reinforce investor confidence regarding the US economic recovery", added the RBS bank.


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