Yen weakness unlikely in near term, says ING IM

Long USD/JPY positions may suffer as pair stays within narrow trading band


Long USD/JPY positions are likely to suffer over the next few months, as strategists at ING Investment Management believe the currency pair will continue to trade within the narrow band it has found itself in for much of this year.

ING IM predicts that USD/JPY will be the next ‘pain trade' for participants, one in a line of many that have failed to meet market expectations in the current low-volatility environment. "There are many people trying to play a long USD/JPY position, but we do not

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