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Forex Flash: USD/JPY risk:reward seems skewed towards disappointment - UBS
FITITOL--> FXstreet.com (Barcelona) - The market is currently looking for an outright APP expansion by the BoJ, notes UBS Analyst Geoffrey Yu, who also warns of conflicting stories throughout trading on Thursday."The result is not a done deal, especially for USDJPY positions clinging on to the hope that the BoJ can deliver where the Fed held fire" the Analyst says.
Mr. Yu expands: "The consensus view for the BoJ decision is one of further easing, but at this stage risk:reward seems skewed towards disappointment. The BoJ itself may feel aggrieved that the Fed is shifting the burden of accommodation onto the BoJ and Shirakawa's views on the matter are well known."
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