Forex Flash: USD/JPY to pause - BTMU

FXstreet.com (Barcelona) - “The USD/JPY rate may pause as these policy measures are assessed,” say the London based Global Markets Research team at The Bank of Tokyo-Mitsubishi UFJ, “which is in line with our scenario,” the analysts add. USD/JPY recently printed fresh 30-month highs in early Asia-Pacific trade at 90.70.

“In 1Q 2013,” they expand, “the first quarter of the Abe Administration, the market expectations will maintain the present level thanks to friendly articles by the media and Abe’s high popularity. The yield of JGBs will stay close to the present level as market expectation remain and most domestic investors will continue to buy JGBs close to the end of the fiscal year.”

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