Barclays provided bearish targets on USD/JPY.

The technical strategy team at Barclays Capital provided technical setups for major currencies. The analysts provided bearish outlook on USD/JPY, mentioning their plans for selling interest near the 114.90 range highs to cap a move lower. A break below the support level of 112.15 would indicate downside towards targets near 110.95. A drop below 110.95 […]

UOB neutral on USD/JPY.

UOB analysts are neutral on USD/JPY pair, providing a trading range of 112.50/114.55. According to them only a break out of this range would signal the start of a directional move. The currency pair closed this week at 113.82, almost unchanged from weak earlier.

USD/JPY target of 100 from Barclays.

Barclays provided a target of 100 for USD/JPY currency pair in a medium-term. “Perceived policy limits on some major central banks including the BoJ led the market to shift its focus to fiscal stimulus going into the G20. However, fundamental improvement, particularly in the US and China, will likely be needed to provide any material […]

Neutral outlook on USD/JPY from UOB.

UOB is neutral on USD/JPY with an expected range of 112-115. However, the analyst mentioned that a decline below 112 would change their outlook to bearish. According to them a break above the resistance level of 115 is unlikely in a short term. The pair was trading at 111.7760 as of 06:00 AM EST today. […]

Goldman Sachs bullish targets for USD/JPY.

Goldman Sachs provided targets for USD/JPY of 122, 125 and 130 in 3, 6 and 12 months respectively. According to the analysts, the BOJ’s surprise decision of introducing negative rates in January indicated a willingness to innovate in its monetary policy measures and a commitment to its price target. The Goldman Sachs believes that this […]

Bearish forecast on USD/JPY from UBS.

UBS analysts made a forecast on USD/JPY pair on Feb 9. As per the report, the pair will move down to a low of 114.22 after breaking the 116.00/25.  They prefer to sell USD/JPY on rallies to the resistance at 116.00/25 taking into account the current risk environment.

USD/JPY target of 129 from ScotiaBank.

ScotiaBank reported its estimates for USD/JPY in its February 2016 Foreign Exchange Outlook. According to the report, JPY is starting February below its December close after fully losing its YTD gains driven by BOJ’s surprise interest rate cut decision on January 29. The bank is bullish USD/JPY and forecast a Q2 2016 target of 129.

Byron Wein 2016 forecast surprise – EUR/USD at 1.20

  The famous US investor Byron Wein is out with his annual 10 market surprises forecast. Here are his forex related forecasts: “4. The weak American economy and the soft equity market cause overseas investors to reduce their holdings of American stocks.  An uncertain policy agenda as a result of a heated presidential campaign further confuses […]
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