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Buy the dips in USD/JPY – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Strategist Robert Rennie at Westpac has recommended once again buying dips in the pair towards the mid-122.00s.

    Key Quotes

    “We have stuck with a buy bias for USD/JPY for many weeks now and continue with this view”.

    “While the month end crop of data may pleasantly surprise, a strong US$ ahead of the Fed should continue to support USD/JPY”.

    “So we stick with a buy bias for another week though it is a buy on dips and dips for us start below 122.50”.
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