By Jeremy Boulton — Aug 06 - 02:40 AM
Large Japanese manufacturers f/c USD/JPY averaging 142.68 in current FY
All Japanese firms f/c an average of 144.77
July 5 low 141.68 EBS, July 6 range 143.63-146.36
Little chance Japan inc were able to hedge sufficiently
Likely Japanese firms will be keen buyers of further weakness
Close over Mon's 146.55 high would significantly heighten upside risk
Source:
Refinitiv IFR Research/Market Commentary