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Neutral outlook on USD/JPY from UOB.

UOB provided its neutral outlook on USD/JPY today. “USD registered a range of 99.08/106.81 or roughly 770 pips. This is the single largest daily range since October 1998. Near-term outlook is unclear after the extreme movement and we do not have a firm view except that trading is likely to be confined within the 99.08/106.81 […]

Morgan Stanley is bullish on JPY after Brexit.

Morgan Stanley kept its bullish outlook on JPY unchanged. “The UK’s vote to leave has helped USDJPY break below 100, fueling speculation of FX intervention by the MoF. However, Japan is on the US Treasury’s list of potential currency manipulators, so it is unlikely to intervene unless it gets approval from the G7. The G7 […]

BankForecast.com USD/JPY Weekly Forecast June 27 – July 1 2016

Britons voted to leave European Union which triggered financial turmoil affecting every asset traded on financial markets. Japan currency, perceived as “safe haven” currency gained significantly in value, reaching level of 102 against dollar. Governor Kuroda expressed readiness to provide liquidity to central banks if necessary to stabilize markets. Global economic slowdown including historically low […]

BankForecast.com USD/JPY Weekly Forecast June 20-24 2016

New USD/JPY lows for this year has been reached during previous week, when currency pair tested level of 103.5 after BOJ rate decision.  When currency pair was traded around 107-108 levels, Minister Aso was mentioning market intervention  considering that strong Yen is hurting Japan economy and especially jeopardizing heavy monetary stimulus imposed by BOJ aimed […]

Barclays recommends selling USD/JPY.

Barclays Capital suggest investors to sell USD/JPY this week, because they “believe the FOMC is unlikely to provide much support for the USD, while BoJ inaction this week could result in some yen appreciation pressure again, particularly in light of downside risk arising from the EU Referendum”. “From a technical perspective, we are overall bearish […]

Bullish outlook on JPY from Morgan Stanley.

Morgan Stanley analysts are still bullish on JPY. “We maintain our structurally bullish JPY view. We don’t expect intervention, particularly in light of the current G7 meeting, and don’t expect fiscal stimulus to change the trajectory on JPY. With questions about the future success of Abenomics, FX hedging and repatriation flows will continue to drive […]

BankForecast.com USD/JPY Weekly Forecast June 13-17 2016

Is Fed rate increase ahead in June? During previous weeks several FOMC voting members heated market expectations by openly supporting June or July rate hike. Although US economy is showing signs of recovery, there are still some weaknesses and risks that might influence rate increase decision to be postponed for July or even September meeting. […]

JPY analysis from Credit Agricole.

Credit Agricole provided its outlook on USD/JPY and EUR/JPY. “The JPY seems to be rallying for all the wrong reasons and, that said, bad reasons – risk aversion, growing market disillusionment with Abenomics and deepening investor conviction that the BoJ has run out of tools to boost growth and inflation. Persistent policy divergence between the […]

A target of 106 on USD/JPY from UOB.

UOB analyst provided their outlook on USD/JPY today, suggesting a target of 106 on this pair. “The expected extension to 108.20 turned into a rout as USD plummeted to a low of 106.48 last Friday. While severely over-extended, the current USD weakness could extend lower to 106.00 even though oversold shorter-term indicators suggest a slower […]

BankForecast.com USD/JPY Weekly Forecast June 6 -10 2016

Fed June rate hike is currently under huge question considering very disappointing data posted on nonfarm payrolls on Friday. Increase of only 38k is lowest level for more than last five years and implying a question whether labor market is progressing as expected by Fed officials. Market expectations on June/July rate hike has been significantly […]
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