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Amen For Ramen: 4 Reasons To Buy USD/JPY - Deutsche Bank
In a note today, Deutsche Bank updates its outlooks on USD/JPY as DB gets more bullish, advising clients to stay long USD/JPY this year and going into the next year as well. The following are the 4 reasons that DB outlines behind this call along with the details for this trade. 1- Behold the J-curve on the trade balance. "In March, Japan’s trade balance posted the first surplus since the earthquakes in the spring of 2011, and it has dipped only marginally in April. This mitigates one fundamental drag on the exchange rate but has no lasting appreciatory implications. For one, the trade account has shifted less by ... (full story)
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