Stronger equity markets to support the USD/JPY higher push – SG

FXStreet (Barcelona) - Kit Juckes of Societe Generale, feels that stronger equities and rising yields might support the USD/JPY pair to climb above 120 today.

Key Quotes

“Stronger equity markets combined with slightly higher short-dated US rates post-FOMC are a recipe for USD/JPY to move back up and a break of 120 is likely this morning. Stable/rising equities and stable/rising US yields would allow USD/JPY to challenge/break the Dec 8 high just under 122, and that seems likely later this month.”