Flash: AUD/JPY to peak at 94.00 in September - NAB

FXstreet.com (Barcelona) - AUD/JPY is the only AUD-related cross expected to appreciate, notes Emma Lawson, FX Strategist at NAB, who sees a peak of 94 in September this year and only modestly decrease to 92 by mid-2014.

Key quotes

"Prime Minister Abe is expected to continue the pace of reform, now that he has control of both the Lower and Upper houses of Parliament. These changes have already included a substantial bond buying scheme, which has weakened the JPY."

"With more easing possible, a deteriorated current account position and the prospect of increased Japanese capital outflow, we anticipate further JPY depreciation."