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6 Oct 2015
USD/JPY: pension funds buying on weakness - Deutsche Bank
FXStreet (Guatemala) - Analysts at Deutsche Bank explained areas of weakness and support to come in for USD/JPY for this week.
Key Quotes:
"We believe Japan's August balance of payments on Thursday will show growing trend in the current account surplus, indicating a retreat in the medium-term yen depreciation cycle.
On the other hand, we expect September international securities flow data to show continued support for the USD/JPY from buying on weakness mainly by pension funds. The point on the pension flows is how the momentum of their buying will sustain in the coming months."
Key Quotes:
"We believe Japan's August balance of payments on Thursday will show growing trend in the current account surplus, indicating a retreat in the medium-term yen depreciation cycle.
On the other hand, we expect September international securities flow data to show continued support for the USD/JPY from buying on weakness mainly by pension funds. The point on the pension flows is how the momentum of their buying will sustain in the coming months."