Flash: Spotlight on the Yen - Societe Generale

FXstreet.com (Barcelona) - The Yen is the currency to monitor very closely this week, as it flirts near the 100 round number. According to Kit Juckes, Head of FX at Societe Generale, "the Yen has weakened as the US/Japanese yield spread widened."

In view of Juckes, "100 is the key resistance and I suspect it will break." The Analyst suggests "stay short JPY vs NZD and CAD though AUD is failing to join in the general risk rally and isn't helped by a dip in business confidence as measured by NAB survey."