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4 May 2017

USD/JPY: Buy on dips - Westpac

Robert Rennie, Research Analyst at Westpac, retains their ‘buy dips’ bias for USD/JPY another week as with the Fed looking through short term data weakness and thus likely to cement June hike odds at 70-80%, support for the $ leg looks good.

Key Quotes

“As for the ¥, the French election/ North Korea and Trump policy risks have subsided as a driver for risk aversion. We shift our 1 month target to 113.”

May 4, 2017

Australia: Economic facing rough times – Rabobank

In view of Jane Foley, Senior FX Strategist at Rabobank, the overnight news that Australia registered a record trade surplus for March at AUD3.1 bln w
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May 4, 2017

United States Trade Balance above forecasts ($-44.5B) in March: Actual ($-43.7B)

United States Trade Balance above forecasts ($-44.5B) in March: Actual ($-43.7B)
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