Last week, BNP Paribas stopped out of its long USD/JPY trade at 101.85 (its original entry level), but remains USD/JPY bulls for 2014. “However, our expectation of a rise in USDJPY is driven by bearish Japanese factors as well as a bullish USD outlook,” BNPP argues. 3 Reasons To Re-Buy: …
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Getting Ready To Re-Buy USD/JPY: 3 Reasons – BNP Paribas