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Jul 30 - 10:55 AM

USD/JPY: A Dip In USD/JPY Could Provide A Buying Opportunity But Patinece Is Needed - BofA

By eFXdata  —  Jul 30 - 09:34 AM

Bank of America Global Research discusses USD/JPY outlook and awaits a dip buying opportunity over the coming weeks.

"We discuss recent political developments and what could be at stake in the upcoming elections in the fall. With political uncertainty and August seasonality, JPY’s corrective strength could continue through the summer but US factors and JPY’s structural flow remain supportive for USD/JPY over the medium term," BofA notes. 

"A dip in USD/JPY could provide a buying opportunity, though patience may be needed," BofA adds. 

Source:
BofA Global Research

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