DEutsche JApan View on FX - USD/JPY: Stay bullish (Taisuke Tanaka, 08/21/2014)EFTA Document EFTA01462169
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Calendar entry (EFTA01462168)
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Case Filesd-10-EFTA01462168Dept. of JusticeCalendar entry (EFTA01462168)
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sd-10-EFTA01462168Dept. of JusticeCalendar entry (EFTA01462168)
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4) Sentiment: The consensus forecast tends to converge around current market levels and recent momentum. As a result of the market deadlock around 102 that continued for several months, average medium term forecasts were down to around 105 by the end of July. Once the USD/JPY regains 105, the consensus forecast for the next 3-12 months would easily rise beyond 110. 5) Speculation: Overseas speculators had been decreasing JPY-shorts until recently, meaning there is amply leeway for JPY sell
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sd-10-EFTA01462168
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