23 May 2014
USD/JPY still waiting a move higher - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects spot to edge higher.
Key Quotes
"USD/JPY is still frustrating me, so I put thoughts and pictures in the FX weekly. We're flat, still expect a move higher, but it's more dependent on the Fed than the BOJ now. Of course, if we get cracking US new home sales (we exp a bounce to 460k from 384k), and SPX gets through 1900, $/Y will follow the NKY higher and I'll go home pulling more hair out."
Key Quotes
"USD/JPY is still frustrating me, so I put thoughts and pictures in the FX weekly. We're flat, still expect a move higher, but it's more dependent on the Fed than the BOJ now. Of course, if we get cracking US new home sales (we exp a bounce to 460k from 384k), and SPX gets through 1900, $/Y will follow the NKY higher and I'll go home pulling more hair out."