Currency Analyst since 2010

BarCap: trading USD/JPY

Analysts at Barclays Capital outline the following scenarios for USD/JPY:

-          If the Liberal Democratic Party (LDP) achieves the one-party majority (wins 60% of the available seats), USD/JPY will make a rapid move up towards 103.00.

-          If LDP shares the majority with its coalition partner New Komeito, USD/JPY will drift higher towards 103.00, though gradually.

-          A very negative election result for the LDP (and Abenomics) would likely lead to USD/JPY to 94.00.

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