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30 May 2014
USD/JPY bullish longer term - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the USD/JPY to edge higher in the long term.
Key Quotes
"In the meantime, Japan CPI up to 3.4 in April as the consumption tax hit. Household spending, IP and housing starts are down. Inflation may be up but the economy's not doing well enough and the BOJ isn't keen on doing more. That makes me very bullish of $/Y long term and equally scared of the risk of a break back to 100 and beyond near-term. Very frustrating."
Key Quotes
"In the meantime, Japan CPI up to 3.4 in April as the consumption tax hit. Household spending, IP and housing starts are down. Inflation may be up but the economy's not doing well enough and the BOJ isn't keen on doing more. That makes me very bullish of $/Y long term and equally scared of the risk of a break back to 100 and beyond near-term. Very frustrating."