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26 Feb 2015
USD/JPY could hit 125.00 in the medium term – TDS
FXStreet (Edinburgh) - Strategists at TD Securities believe the pair could climb as high as 125.00 in the upcoming months.
Key Quotes
“USDJPY has traded narrowly around 118 since the start of the year, with the spot rate trapped between narrower spreads at the long end of the curve and broadly constructive risk sentiment (despite ongoing geo-political and financial stresses)”.
“We look for modest USD gains to JPY125 over the balance of the year”.
Key Quotes
“USDJPY has traded narrowly around 118 since the start of the year, with the spot rate trapped between narrower spreads at the long end of the curve and broadly constructive risk sentiment (despite ongoing geo-political and financial stresses)”.
“We look for modest USD gains to JPY125 over the balance of the year”.