Via Bloomberg come comments from Atsushi Hirano, head of FX sales Japan at RBS:
- Upward momentum for dollar yen is "very strong"
- If the U.S. economic data beats market estimate, it is possible USD/JPY will test 126 this week
- Japanese investors helping with yen selling
- USD/JPY volatility may rise further as option market makers should cover short positions
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Hmmm.
We are around 124.10 as I type .... I reckon we are running out of time for 126 this week.
