What to watch for in USD/JPY trading
From Deutsche Bank:
This week’s first focus will be Japan’s preliminary GDP estimates for 1Q 2016 on Wednesday. The average forecast on the growth is around 0%. Prime Minister Shinzo Abe is expected to announce a fiscal stimulus package early next month and shelve the consumption tax hike currently scheduled in April 2017. Still, we cannot envision any outbreak of risk-on weak-yen sentiment amid the mild domestic recession.
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