OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY buy dips towards 120.50/121.00 – Westpac

FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, sees pullbacks to the 120.50/121.00 area as opportunities to buy the pair.

Key Quotes

“One month realized USD/JPY volatility was very close to 2015 lows until Wed’s sudden spot slide”.

“Our best hope for a tradeable move on the FOMC could be to see if there is a knee-jerk wave of “sell the fact” USD/JPY selling on confirmation of a Fed hike but a fairly vague 2016 outlook”.

“Any dip to 120.50/121.00 or so would be appealing, although the sogginess of US 10 year treasury yields should continue to limit USD upside short term”.

US: Jobless claims and import price data to be the highlight – TDS

Research Team at TDS, suggests that in the US, weekly jobless claims and November import prices are the highlights.
Read more Previous

Oil wavers after the monthly OPEC report

Oil prices at both the sides waver after the Organization of the Petroleum Exporting Countries (OPEC) left 2016 demand growth forecast unchanged at 1.25mln bpd.
Read more Next
Start livechat