USD/JPY keeps the neutral stance near term – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Strategists at Westpac see the pair keeping a neutral stance for the upcoming week.

    Key Quotes

    “Given the recent run of Japanese data, the market seems to have finally thrown in the towel on another wave of BoJ QE. We would agree with this”.

    “Thus it seems logical that we see a step down in USD/JPY towards the 120 level. If the Fed delivers a dovish hike we may see a push below 120. So we stick with neutral stance for the week ahead but would still see dips below 120 as an opportunity”.
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