Flash: Japanese knock USD/JPY back into range - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes the Japanese returned from a long weekend to knock USD/JPY back into its range.

Key Quotes

“That helped EUR/JPY look soggy, while preventing AUD/JPY from making gains.”

“Despite the RBA's reference to the currency's elevated value, I read the tiny fall we saw this morning as a sign that we can probably squeeze higher. I'm a seller of AUD/USD as close to Christmas, and as close to parity as possible, Short-term high-octane tactical types can buy AUD/JPY here.”