20 Jan 2015
Yen's safe haven may hinder - Rabobank
FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank, raises the Yen's safe haven status as a concern for the BoJ.
Key Quotes:
"Although the BoJ cannot control safe haven demand which has been lending support to the JPY in recent weeks, the stronger JPY is unlikely to be welcomed."
"Further JPY strength raises the risk of more policy action going forward. Overall we expect USD/JPY to revive its uptrend later this year and forecast a move towards USD/JPY125.00 on a 12 mth view."
Key Quotes:
"Although the BoJ cannot control safe haven demand which has been lending support to the JPY in recent weeks, the stronger JPY is unlikely to be welcomed."
"Further JPY strength raises the risk of more policy action going forward. Overall we expect USD/JPY to revive its uptrend later this year and forecast a move towards USD/JPY125.00 on a 12 mth view."