USD/JPY waiting for the next big White House catalyst - ING
|Analysts at ING see the USD/JPY being mildly positive for the week ahead, trading in a range between 110.50 and 112.20.
Key quotes:
"Tentative progress is being made when it comes to White House policy agenda; Senate Reps are now at the stage of getting votes on their version of Health Care Bill. Need this resolved to move onto tax reforms."
"With the ultra-accommodative BOJ policy under growing scrutiny, there'll be quite a bit of focus on Japanese CPI data (Fri). While the headline print is expected to come around 0.5% YoY, the core-core release may stay sidelined at 0.1% YoY. Enough to keep the BoJ's YCC policy steady."
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