Flash: Hard for JPY to post sustained strength - HSBC

FXstreet.com (Barcelona) - Despite HSBC FX Team continues to disagree with long USD-JPY calls towards 110 over the next year, they no longer believe USD-JPY "is set for a sustained drop either" the Team notes. Their assumption is that since "the BoJ continues to pursue aggressive monetary easing, and while we believe this development is already in the price at current spot levels, it will make it harder for the JPY to post any sustained strength" HSBC said.