17 Jun 2015
USD/JPY: Double check on positioning - Westpac
FXStreet (Guatemala) - Analysts at Westpac Banking Corporation have noted the trading conditions surrounding the USD/JPY post Kuroda's recent comments and act accordingly.
Key Quotes:
"Being long USD/JPY from 123.00 is the same. We argued last week that the market had misinterpreted Kuroda's comments on the real effective ¥."
"However, given increased volatility in financial markets into FOMC/ Greek outcome, we would be quicker to admit defeat here. We thus shift our stop up to 122.00."
Key Quotes:
"Being long USD/JPY from 123.00 is the same. We argued last week that the market had misinterpreted Kuroda's comments on the real effective ¥."
"However, given increased volatility in financial markets into FOMC/ Greek outcome, we would be quicker to admit defeat here. We thus shift our stop up to 122.00."