Forex Flash: What now after the US election? - RBS

FXstreet.com (San Francisco) - From RBS: "In the short-order, look for the Street to start to price in the answer to this question: Whither the US fiscal cliff? In the medium-term, the trajectory of growth (or lack of it) will become more integral." RBS also says that USDJPY may now hold scope for a correction back into the 78.00 price zone: "An Obama victory that sent 2y yields back to the 25 bp level would suggest USDJPY 'should be' in the 78 region." USDJPY exchanges 80.05 ahead of the European opening.