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 […]

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 […]

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 […]

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 […]

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 […]

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 […]
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