Currency Analyst since 2010

BNP Paribas bought USD/JPY

BNP Paribas went long on USD/JPY at 103.20 with stop at 101.50 and target at 107.00. The bank expects that a rebound in US yields will support US dollar, while monetary expansion and portfolio outflows will weight on yen.

BNP’s target for USD/JPY at the end of 2014 is 110.00 yen. 

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