Friday, 16 November 2012

USD/JPY Stays Firm; Tipped In 80.70-81.70 Band


The USD/JPY remains firm amid expectations for aggressive easing by the BOJ following comments from Japan's main opposition leader Abe for unlimited JPY printing, says a senior dealer at a major Japanese trust bank; "the pair is breaking above the recent trading range." Still, following significant gains over the past two days, the USD/JPY could face some profit-taking, he says, tipping the pair in a 80.70-81.70 band for the day. The pair is last at 81.23.

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