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13 Sep 2013
Flash: Fiscal changes impact on USD/JPY- Danske Bank
FXstreet.com (Athens) - Danske Bank strategists have paid attention to the newsflow on future changes to fiscal policy in Japan.
Key Quotes
“(Fiscal Policy Change in Japan) continues to add volatility to the yen crosses, but after USD/JPY has corrected higher over the past year to reflect the significant Bank of Japan easing, it now appears largely driven by US bond markets and QE tapering speculation.
Key Quotes
“(Fiscal Policy Change in Japan) continues to add volatility to the yen crosses, but after USD/JPY has corrected higher over the past year to reflect the significant Bank of Japan easing, it now appears largely driven by US bond markets and QE tapering speculation.