Credit Agricole on US/Yen following the election in Japan over the weekend:
- may test 108
- Japanese equities could also head higher
- 108 is likely to see sellers enter though as the response to the election win is likely to be restrained. It wasn't a surprise result.
- Yen to regain momentum as focus switches back to trade talks
- USD to weaken with the dovish Fed ahead, EUR to weaken with a dovish ECB also
- 106.50 a downside level to watch for support
