Forex Flash: JPY weakening too far, too fast – Saxo

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FXstreet.com (Barcelona) - Recent two day sky rocketing up move in USD/JPY, according to John Hardy, Head of FX Strategy at Saxo, is "may be going too far, too fast," the analyst says.

"The pounding of the JPY continues on Japanese political developments as the assumption is that the opposition LDP's Abe, if he wins next month's elections, will be far more aggressive in moving to ease policy and force the JPY weaker, even trampling on the BoJ's principle of independence to get his way," John explains.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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