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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