More BoJ easing still likely
The heavy price action in USDJPY after Friday’s payrolls report does not change our fundamental view that the USDJPY upswing is likely to extend this year. For a start, inclement US weather artificially depressed payrolls growth. Ultimately UBS
economics expects the improving employment trend to reassert itself over the coming months, and even raised their Q4 2014 10y UST forecast to 3.5% (previously 3.2%).
Read the full report: UBS