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Forex News USD/JPY: Consistent Moderate Dip Buying Expected By Japanese Investors - BofAML

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Peter

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Bank of America Merrill Lynch FX Strategy Research expects consistent dip buying of USD/JPY on the ground that the cross is currently trading around the lower end of ranges assumed by institutional investors for the fiscal year (around 110-125) and the hedge cost has increased amid flattening of the US Treasury curve.

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