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10 Sep 2013
Flash: USD/JPY: Pokes Decisively Above 100 - TD Securities
FXstreet.com (London) - Research teams at TD Securities note the JPY as worst performer.
Key Quotes:
"The JPY is the worst performing G10 currency overnight—and over the past week—as Syrian related safe haven flows have abated and as minutes of the BoJ meeting acknowledge that their aggressive monetary policies have placed pressure on Japanese yields (in a USD/JPY supportive way)".
"USD/JPY has now poked decisively above 100, and with the JPY testing key levels against several crosses there is be scope for a sharper depreciation for the currency if resistance is breached".
"For USD/JPY the July high near 101.50/55 is the next key level spotted on the topside"
Key Quotes:
"The JPY is the worst performing G10 currency overnight—and over the past week—as Syrian related safe haven flows have abated and as minutes of the BoJ meeting acknowledge that their aggressive monetary policies have placed pressure on Japanese yields (in a USD/JPY supportive way)".
"USD/JPY has now poked decisively above 100, and with the JPY testing key levels against several crosses there is be scope for a sharper depreciation for the currency if resistance is breached".
"For USD/JPY the July high near 101.50/55 is the next key level spotted on the topside"