31 Dec 2015
Yen: fourth consecutive annual loss - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that USD/JPY ended 2014 at 119.78 and will end this year above 120 in all likelihood, that’s a fourth consecutive annual loss for the yen.
Key Quotes:
"But, relative to the large declines posted in previous years (USD/JPY rose 13% in 2012, 21.5% in 2013 and 14% in 2014), the sell‐off is marginal and could be said to be stabilizing.
With the BoJ is no hurry to add to QE stimulus, the onus will perhaps fall more on the USD to make progress through this year’s high of 125.86 in the months ahead."
Key Quotes:
"But, relative to the large declines posted in previous years (USD/JPY rose 13% in 2012, 21.5% in 2013 and 14% in 2014), the sell‐off is marginal and could be said to be stabilizing.
With the BoJ is no hurry to add to QE stimulus, the onus will perhaps fall more on the USD to make progress through this year’s high of 125.86 in the months ahead."