Societe Generale advise to use the fall of the USD/JPY for purchases

Currency strategists at Societe Generale believe that the chances of raising interest rates by the Federal Reserve this year have increased, but the overall the tightening policy in the current cycle seems limited. In the bank doubt that increase of the level will be significantly above 2%.
This opinion supports the adjustment of the economic forecasts of the Federal Reserve.
The futures market showed no significant reaction to the Federal Reserve meeting, but the bond market there was a decrease in profitability at the far end of the curve, but the risk appetite has increased, say analysts.
At Societe Generale see no reason to expect a decline in real interest rates. Bank analysts believe that the market reaction to Fed and the Bank of Japan will be short and prefer to accept the decline in USD/JPY as an option for purchases. SG recommend buying yen at 100.30 with a stop at 99.