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Forex pairs in this Article » EUR/USD, USD/JPY (Bali) - According to Shaun Osborne, Chief FX Strategist at TD Securities, the outlook for USDJPY running into 2014 is indisputably bullish .

Key Quotes

"A tapering Fed and an easy BoJ will combine to push long-term yield spreads higher through the year (and beyond), supporting a stronger USD profile."

"Short-term prospects are not risk free, however. The short JPY trade is heavily populated already; any shocks prompted by the start of the Fed’s taper process could prompt a short, sharp correction."

"We think short-term USD losses should be viewed as a buying opportunity, however. We target a year-end 2014 rate of JPY110. Technical signals suggest higher levels are possible."
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