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16 Mar 2015
USD/JPY year-end target at 125.00 – BTMU
FXStreet (Edinburgh) - Takahiro Sekido, Japan Strategist at BTMU, sees the pair heading towards the 125.0 handle at the end of the present year.
Key Quotes
“Against a positive distribution mechanism between the corporate and household sectors, the BoJ can wait for oil prices to recover without adding any further monetary easing given the positive wage growth as well as export-driven production growth”.
“However, we expect the CPI to turn negative in the coming months”.
“Any further JPY depreciation will likely be moderate. We maintain the topside of our USDJPY range USD125 through end-2015”.
Key Quotes
“Against a positive distribution mechanism between the corporate and household sectors, the BoJ can wait for oil prices to recover without adding any further monetary easing given the positive wage growth as well as export-driven production growth”.
“However, we expect the CPI to turn negative in the coming months”.
“Any further JPY depreciation will likely be moderate. We maintain the topside of our USDJPY range USD125 through end-2015”.