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发表于 2014-8-8 12:57:32
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JPY Strength on the Crosses. Bullish. Watch: Leading Index, Trade Balance, CPI.We expect JPY to remain supported, especially on the crosses, and expect USD/JPY to move down to 98 in the coming months. USD/JPY has been trading within tighter ranges, forming a triangle, which if it breaks, sends bearish JPY signals. Our economists expect the BoJ to ease in October; however, until then the likelihood is low, keeping JPY supported. JPY should also receive support as the broader risk environment starts to face challenges from higher global yields. |
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