Flash: Further USD gains expected - RBS

FXstreet.com (Barcelona) - Following his bullish USD calls from a couple of days ago, Greg Gibbs, who works as FX Strategist at RBS, expects the USD to enjoy more broad-based buying interest across on a positive NFP.

Key Quotes

According to the Strategist: "Stronger data this week has increased odds that the taper begins in September and managed to push US yields up from mid to longer maturities, and brought the USD back up from the lower side of its ranges.

If the payrolls follow through and deliver a result above expected (185K) and unemployment ticks down from 7.6%, then we expect further USD strength across the board. We favour the USD/JPY.