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26 Feb 2015
USD/JPY remains neutral – Westpac
FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, keeps the neutral stance on the pair.
Key Quotes
“We have the usual month end slew of data from Japan on Fri, with the main focus on Jan CPI and preliminary industrial production. On Tue, Q4 capital spending will be released, with possible implications for Q4 GDP revisions”.
“We remain neutral USD/JPY for another week”.
“Any probes of 120 continue to be rebuffed while buyers return in the low 118s”.
“News flow from Japan is not game-changing, while US yields are retreating again but won’t collapse”.
Key Quotes
“We have the usual month end slew of data from Japan on Fri, with the main focus on Jan CPI and preliminary industrial production. On Tue, Q4 capital spending will be released, with possible implications for Q4 GDP revisions”.
“We remain neutral USD/JPY for another week”.
“Any probes of 120 continue to be rebuffed while buyers return in the low 118s”.
“News flow from Japan is not game-changing, while US yields are retreating again but won’t collapse”.