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10 Sep 2014
USD/JPY buy the dips – Westpac
FXStreet (Edinburgh) - Analysts at Westpac Global Strategy Group commented that any pullback in the pair is regarded as a buying opportunity.
Key Quotes
“Last week’s BoJ statement contains little sense that a shift in policy is imminent though the BoJ did downgrade its views on housing investment”.
“To be sure, USD/JPY is more driven by the $ than the ¥ leg at the moment”.
“Now that the 105.50 level has broken, the focus remains on buying any and all dips”.
Key Quotes
“Last week’s BoJ statement contains little sense that a shift in policy is imminent though the BoJ did downgrade its views on housing investment”.
“To be sure, USD/JPY is more driven by the $ than the ¥ leg at the moment”.
“Now that the 105.50 level has broken, the focus remains on buying any and all dips”.