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USD/JPY: 125 could be tested on good US data - DB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Deutsche Bank offered a snapshot of an insight to USD/JPY.

    Key Quotes:

    "We believe the USD/JPY will remain in a narrow range around 120 for now. If US statistics remain firm and a rate hike seems likely in December, the rate could test 125."

    "We should prepare for turmoil in risk markets after the first rate hike and believe the USD/JPY is unlikely to rise unremittingly.'

    "However, if multiple rate hikes appear likely in 2016, we believe the USD/JPY should gradually come into a range of 125-128."
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