BankForecast.com USD/JPY Weekly Forecast May 30- June 03 2016

As June FOMC meeting is approaching market expectations on rate increase decision are increasing. Such sentiment is supported by several Fed members commenting potential future FOMC decision. During last week St. Louis Chief Bullard expressed his view that positive current developments on labor market might influence future raise in inflation, and in this sense, he […]

UOB is bullish on USD/JPY.

UOB analysts provided their outlook on USD/JPY, suggesting to take partial profit at 110.45. “The bullish USD phase that started last week is still clearly intact and the first target of 109.70 has been exceeded. However, shorter-term indicators are clearly overbought and those who are long from last week should look to take partial profit […]

BankForecast.com USD/JPY Weekly Forecast May 23-27 2016

Is FED rate increase ahead in June?  According to April FOMC Meeting minutes, released during last week, such possibility is one of the “flexibility” options at disposal to FED if economic developments point to further growth. Minutes reveled three major economic indicators based on which further strengthening of monetary policy will depend on: employment, inflation […]

BankForecast.com USD/JPY Weekly Forecast May 16-20 2016

Number of FOMC voting members supporting rate hike during June meeting is increasing. After previous weeks statements from Atlanta Chief Lockhart and San Francisco Chief Williams, during last week Boston FED Chief Rosengren and Kansas City Fed George expressed their view in support of further rate increase. Certainly actual employment and inflation figures will be […]

BankForecast.com USD/JPY Weekly Forecast May 9-13 2016

Surprisingly weak job report data for April posted on Friday are raising a question  among market analysts whether this is first signal of job growth easing in the US? April report shows decrease of 40K of nonfarm payrolls to 160K, significantly lower from 200K where markets were expecting to see the figure. Unemployment rate is […]

Morgan Stanley’s bullish outlook on USD/JPY.

Analysts at Morgan Stanley suggested that the JPY will strengthen in near term. “The BoJ failing to deliver any easing measure anticipated by the market has caused JPY strength to come back into play, with USDJPY breaking below 108. The break below 107.63 – the April 11th low – means USDJPY is at the lowest […]

BankForecast.com USD/JPY Weekly Forecast May 02-06 2016

Unprecedented measures taken by BOJ few months ago will still stay in force, without adding any additional stimulus for now, as per BOJs decision during its April meeting. Such course of action has been greatest surprise for many analysts, considering previous statements from Governor Kuroda and some other BOJ officials, heating market expectations on possible […]

Morgan Stanley is neutral on USD/JPY.

Morgan Stanley analysts reported their neutral outlook on USD/JPY. “We think USDJPY could tactically rebound to 112.50, as strong global risk appetite reduces the demand for safe haven assets and pauses JPY-supportive repatriation flows by domestic investors. However, our medium term bullish view on JPY has not changed and we would look to sell at […]

A target of 112.20 on USD/JPY from UOB.

The analysts at UOB provided their bullish target on USD/JPY. “The break above the key 110.65 resistance led to the strongest USD gain since October 2014 From here, the outlook is clearly bullish but the rapid and sharp rise is severely overbought especially from a short-term perspective and this could lead to a couple of […]

BankForecast.com USD/JPY Weekly Forecast April 25-29 2016

Although fundamentals were promising relatively calm week ahead, Friday brought strongest weakening of Yen for last year and a half, finishing week at level of 111.6 against US Dollar. Such market reaction was caused by some statements from BOJ official of possible further stimulus measures that would be imposed during next BOJ meeting on April […]
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