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Westpac: buy USD/JPY on dips

Strategists at Westpac are ready to buy USD/JPY on dips into the 105.50/106.50 range. The pair is capped at 109.50/110 these days, so they expect the pair to continue to push lower.

“We maintain a neutral stance for another week – collapsing US yields and a lazy long USD/JPY market position suggest waiting for better levels to buy in coming sessions”, analysts say. 

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