More yen strength ahead - 2 reasons why (and why 107 is USD/JPY support)

Author: Eamonn Sheridan | Category: News

Analysis from Sumitomo Mitsui Trust Bank in New York

  • Further yen gains due to concerns on corporate earnings risk ahead and also over the economy
On 107:
  • USD/JPY to find support around this level
  • due to seasonality factors in April 
For the session ahead the analyst notes the late recovery in US stocks in New York could support USD/Yen to 108

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