Will USD/JPY Spike Towards 100 Or Fall To 80 By End-Q2?

JP Morgan revised its USD/JPY forecasts higher expecting the pair to trade in the 80-90 range for most of 2013, (previous forecasted range was 75-85). “This revision was necessary since we had underestimated 1) the multiplier effect on the currency of Japan’s trade deficit, and 2) the signific…

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