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4 Apr 2014
USD/JPY 1.10 by year end - TDS
FXStreet (Guatemala) - Strategists at TD Securities explained that USD/JPY will be towards 1.10 area by year end.
Key Quotes:
“With the BoJ pressing ahead full tilt with QQE, real rates will turn increasingly negative; a reversal in investor sentiment would put pressure on net capital inflows, weakening the currency”.
“We view this as the most likely outcome, with USD/JPY ending the second quarter around 107 and continuing to march higher into the 110 area by year end.”
Key Quotes:
“With the BoJ pressing ahead full tilt with QQE, real rates will turn increasingly negative; a reversal in investor sentiment would put pressure on net capital inflows, weakening the currency”.
“We view this as the most likely outcome, with USD/JPY ending the second quarter around 107 and continuing to march higher into the 110 area by year end.”