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 Long Usd/jpy

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Join date : 2012-01-25

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PostSubject: Long Usd/jpy   Long Usd/jpy Icon_minitimeWed Aug 01, 2012 11:31 am

Long Usd/jpy


Quotes from RBS:
-While USD/JPY is below our entry level, we are still constructive on the recommendation as we think the medium-term prospects for the JPY appear weak.
-Despite talk of solid economic momentum from Japanese government officials, industrial production and trade balance data remain soft.
-The June trade data showed a 16th consecutive monthly deficit figure, which we think will keep pressure on the JPY in the medium-term.




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