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.