Mizuho Sales: USD/JPY to 92 in March, 95 in June

Head of European hedge-fund sales at Mizuho Bank says USD/JPY is to go to 92 in March and 95 in June (interview on Bloomberg TV and reported on eFX):

“It’s the start of the year; give it few more days and then we will see Japan coming back to buy USD/JPY again. They will buy the dollar for inputs, for oil, and for energy resources. In addition to that, investments will come back as Japanese investors will look to buy treasuries, equities, and companies,”