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Rabobank strategist Jane Foley said Trump has a point that the yen is undervalued, and expects him to press Japan on currency policy at the Abe meeting in Washington. The dollar/yen pair traded near 112.17.
Foley said it is difficult to predict how currencies will move before the meeting.
Expected US pressure on Japan could push the yen weaker or stronger depending on the outcome, adding event risk for dollar-priced feed trade. The commentary is an outlook rather than a confirmed move.
cnbc.comSilvia AmaroFeb 8, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
