USD/JPY: Stabilization in store - Westpac

Sean Callow, analyst at Westpac, sees near term risks being tilted to higher yields and thus some stabilization in USD/JPY.

Key Quotes

“Probes of 108.50/75 are likely to be hard to sustain as the biggest stumbling blocks on US-China trade remain. An actual deal is probably no more likely than it was a week ago.”