J. Safra Sarasin has revised the USDJPY rate downwards due to disappointment over a lack of details released by Japanese authorities and the bank’s belief that the BoJ lacks the chutzpah to reverse the trend. Japan disappoints on fiscal and monetary front USDJPY projections: 4Q16: 99.0; 1Q17: 97.0; 2Q17: 95.0; 3Q17: 95.0 The bank revised its USDJPY forecasts downwards following after Japanese authorities…
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