Usd-Jpy Likely to Trade Higher Towards 82-83 on a Positive Greek Election Result

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Usd-Jpy Likely to Trade Higher Towards 82-83 on a Positive Greek Election Result

Quotes from Standard Chartered:
-USD-JPY should remain range-bound between 79 and 81 initially, given offsetting broad USD weakness and some retracement of the Japanese yen (JPY) as safe-haven demand declines.
-However, we believe that USD-JPY would eventually trade higher towards 82-83 on a positive Greek election result, supported by reduced tail risks, slightly better US economic data and further monetary easing from the Bank of Japan (BoJ).

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Usd-Jpy Likely to Trade Higher Towards 82-83 on a Positive Greek Election Result Instaforex_mb_760x151_en

Usd-Jpy Likely to Trade Higher Towards 82-83 on a Positive Greek Election Result Instaforex_mb_760x151_en

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