The USD/JPY isn't likely to fall by much, even if the Fed decides on another round of QE measures at its FOMC meeting on Wednesday and Thursday, because the market's risk-taking appetite is recovering, says Citibank Japan chief strategist Osamu Takashima. "I don't expect the dollar to fall below its June low of 77.66," he says; the USD/JPY is at 78.23. Takashima says recently-stable global stock prices despite weak Chinese economic data, is a good sign of risk-taking appetite becoming a long-term trend.
Find us on Google+
No comments:
Post a Comment