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17 Sep 2013
Flash: USD/JPY remains a buy dip multi-week - Westpac
FXstreet.com (Barcelona) - According to Westpac Global Strategy Team, USD/JPY remains a multi-week bias to buy dips.
Key Quote
"The sales tax decision seems virtually made, with the hike on the way but probably some looser policy elsewhere to cushion the blow. The BoJ might even play a role in due course. But this week’s focus should be firmly on the Fed, where a tentative "tapering" move should see USD on the back foot. Multi-week bias still to buy dips."
Key Quote
"The sales tax decision seems virtually made, with the hike on the way but probably some looser policy elsewhere to cushion the blow. The BoJ might even play a role in due course. But this week’s focus should be firmly on the Fed, where a tentative "tapering" move should see USD on the back foot. Multi-week bias still to buy dips."