FXstreet.com (Córdoba) - Markets are increasingly positioning for a more easing of the Bank of Japan with USD/JPY gaining more support above 80.00, according to the UBS analyst team.
"This week's export data showed very weak car sales and as a consequence of this major Japanese news papers suggested that the Bank of Japan will act at its regular meeting next week", UBS says. "We are positioned for a weaker yen and expect JPY weakness to continue".
"This week's export data showed very weak car sales and as a consequence of this major Japanese news papers suggested that the Bank of Japan will act at its regular meeting next week", UBS says. "We are positioned for a weaker yen and expect JPY weakness to continue".
