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Daily outlook for JPY: UniCredit

Friday, February 27, 2015 7:53 AM UTC

Quotes from UniCredit Research:

-JPY: As expected, overnight data in Japan disappointed again, primarily with inflation still far away from the 2% BoJ target once the consumption tax hike is excluded.

-Yesterday's USD rally per se also lifted USD-JPY back above 119 and we suggest remaining long, as more JPY weakness is expected to emerge as the new Japanese FY starts in April.

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Daily outlook for JPY: UniCredit

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