FXStreet (Edinburgh) – Strategists at TD Securities suggested the likeliness of the Japanese currency to pick up pace on the crosses.
Key Quotes
“The BoJ‘s alternate core CPI measure, which is trending higher than the traditional measure, is a signal that fresh QQE is a low probability event”.
“Growth conditions remain constructive and strong corporate earnings may lead to pass-through to wages”.
“USDJPY prone to squeeze higher on tighter Fed policy but a growing current account surplus could make JPY a frustrating short on crosses”.
(Market News Provided by FXstreet)