USD/JPY buy the dips – Westpac

FXStreet (Edinburgh) - Analysts at Westpac Global Strategy Group commented that any pullback in the pair is regarded as a buying opportunity.

Key Quotes

“Last week’s BoJ statement contains little sense that a shift in policy is imminent though the BoJ did downgrade its views on housing investment”.

“To be sure, USD/JPY is more driven by the $ than the ¥ leg at the moment”.

“Now that the 105.50 level has broken, the focus remains on buying any and all dips”.