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Sep 17, 2014
Credit Suisse: Yen to remain under pressure - eFXnews
FXStreet (Łódź) - The eFXnews team remark that Credit Suisse's yen forecast remains bearish.
Key quotes
"Ongoing weakness in the economy and talks of further BOJ easing contrast against hike-expectations in the US."
"Deterioration in Japan's current account deficit, combined with our outlook for US yields to rise later this year, will also support a USDJPY higher trend."
"GPIF-elated flows will also be important – we expect a broader shift to Japanese outflows to keep yen under the pressure."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"Ongoing weakness in the economy and talks of further BOJ easing contrast against hike-expectations in the US."
"Deterioration in Japan's current account deficit, combined with our outlook for US yields to rise later this year, will also support a USDJPY higher trend."
"GPIF-elated flows will also be important – we expect a broader shift to Japanese outflows to keep yen under the pressure."
'This content has been provided under specific arrangement with eFXnews.'