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Forex: Seasonals in favour of JPY - TDS

With USD/JPY enjoying a 13 week winning streak, longest period since year 2005 when it rose for 12 weeks, but not as fast, “an unusually long spell of correction-free gains,” say Toronto based FX Team at TD Securities, last at 93.63, “Seasonal pressures trend against the USD and favour the JPY from February through mid- year and we think the JPY has already reflected a lot of policy changes that the BoJ is able or willing to make for the moment,” the analysts add.
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