OctaFX | OctaFX Forex Broker
Open trading account

Long USD/JPY trade of the week ahead - Westpac

FXStreet (Bali) - Westpac FX Strategists recommend long USD/JPY as the standout trade for the week ahead.

Key Quotes

"Long USD/JPY is the standout trade for the week ahead. To be sure, the combination of upcoming Japanese election risks, confirmation of a technical recession and the postponement of the consumption tax rise may leave markets confused, and USD/JPY in the short term may range trade around the 116.00/50 area. However, USD/JPY looks set to continue the move higher into year end. A break above 117.50 would target 120."

AUD/USD remains consolidated in neutral territory

AUD/USD is trading at 0.8722, down -0.04% on the day, having posted a daily high at 0.8730 and low at 0.8721.
Read more Previous

Session Recap: The Euro is alive! And the USD/JPY

The EUR/USD reacted on Tuesday since the euro bulls welcomed a good German Zew data and investors confidence that showed its first increase in 11 month. Then the single currency reconquered the 1.2500 area.
Read more Next
Start livechat