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Flash: USD/JPY trend downgraded to neutral – Westpac

FXstreet.com (New York) – Sean Callow, a Global FX Strategist at Westpac analyzes the short and long-term outlook of the USD/JPY as it pertains to macro related events.

Key quotes

“Critical for the USD/JPY will be any sense of which way the Tax
Panel has pushed the debate. Logic suggests the Panel will recommend in favor of the contentious sales tax increase to 8% next April and 10% in October 2015.”

However, Amari’s response will be important. CAPEX is the other moving part here. A soft CAPEX outcome would add to our view that we can afford to wait for dips to buy. Failure …read more