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21 Jun 2013
Flash: USD/JPY to revist 100.00 next week - Bank of Tokyo-Mitsubishi UFJ
FXstreet.com (Barcelona) - Bernanke's comment for QE tapering post-FOMC helped to remove the recent uncertainty surrounding the dollar, says The Bank of Tokyo-Mitsubishi UFJ Research Team.
The Bank adds that "After some correction seen in equities, market expectation for yield gap widening looks to support dollar buying." The correction of USD/JPY next week is still expected to be volatile, "with the pair going back up to the 100-level" the Team foresees.
The Bank adds that "After some correction seen in equities, market expectation for yield gap widening looks to support dollar buying." The correction of USD/JPY next week is still expected to be volatile, "with the pair going back up to the 100-level" the Team foresees.