16 Jan 2014
Flash: Yen heading for 112.00?
FXstreet.com (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank said the threat that domestic demand could wane will keep alive the risk that the BoJ increases the size of its balance sheet further.
Key Quotes:
In turn this should keep the yen on the back foot”.
“The next BoJ policy meeting is scheduled for January 22 and this could offer fresh clues as to the thinking at the Bank. We have recently revised up our forecast for USD/JPY to 112.00 on a 12 mth view”.
“This assumes, however, that after a slow start the USD can gradually appreciate during the course of the year”.
Key Quotes:
In turn this should keep the yen on the back foot”.
“The next BoJ policy meeting is scheduled for January 22 and this could offer fresh clues as to the thinking at the Bank. We have recently revised up our forecast for USD/JPY to 112.00 on a 12 mth view”.
“This assumes, however, that after a slow start the USD can gradually appreciate during the course of the year”.