Long USD/JPY trade of the week ahead - Westpac

FXStreet (Bali) - Westpac FX Strategists recommend long USD/JPY as the standout trade for the week ahead.

Key Quotes

"Long USD/JPY is the standout trade for the week ahead. To be sure, the combination of upcoming Japanese election risks, confirmation of a technical recession and the postponement of the consumption tax rise may leave markets confused, and USD/JPY in the short term may range trade around the 116.00/50 area. However, USD/JPY looks set to continue the move higher into year end. A break above 117.50 would target 120."