Monday 18 June 2012

Morgan Stanley Expects Short-lived Gains For USD/JPY


Morgan Stanley expects short-lived gains for USD/JPY, especially if the FOMC provides more stimulus measures Wednesday. The bank is currently long from 79.10, with a target of 82.00, but says it will use any rebound from the current 79.10 level in the next few sessions to switch to a short position.

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