Forex Flash: Higher yields in major countries helps sustain rally in USD/JPY - RBS
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USD/JPY
FXstreet.com (Barcelona) - Higher yields in major countries "will help sustain the recent rally in USDJPY given Japan is preparing to enact further monetary policy easing next week", says Greg Gibbs FX Trading Strategist.
"Yields in Japan are being pressured lower, thus helping increase the developing consensus that JPY is now the best funding currency and the BoJ the biggest debaser of its own currency via money base expansion" Greg adds.
"Yields in Japan are being pressured lower, thus helping increase the developing consensus that JPY is now the best funding currency and the BoJ the biggest debaser of its own currency via money base expansion" Greg adds.
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