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4 Reasons To Stay Core Short JPY Targeting 120 - Credit Suisse
As markets have begun to stabilize and become more comfortable with the possibility that the Fed may taper, aided in large part by Fed assurances that any move to reduce purchases will be data dependent, one of Credit Suisse's preferred trades has come back into play with the yen resuming its weakness against the USD. In line with this, the yen has resumed its downward trend over recent weeks, once again breaching the psychological 100 level yesterday and it was always likely that 100 would prove a substantial barrier, with little surprise that the rush through the key level in May proved a false dawn. However, ... (full story)
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