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USD/JPY bulls to fade away in FOMC? - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo mitsubishi explained that the dollar index and USD/JPY have been pulling back to the 97-level and 121-level respectively this week ahead of next week’s FOMC meeting.

Key Quotes:

"A rate hike would generally support USD strengthening, but this has already been priced in.

Looking forward, we do not expect aggressive further USD strengthening. Fed Chief Janet Yellen may not show bullishness for further rate hikes at this stage.

USD/JPY topside may be heavy, while the lower bound of USD/JPY may be supported by Japanese investors’ capital outflows, especially after the December Tankan survey (December 14) likely shows a positive capex outlook.

The December BoJ meeting (December 17-18) may not produce any surprises after positive Tankan results."

USD/MXN soars above 17.00, headed toward record close

The Mexican peso and the Brazilian real are among the worst performer in the currency market on Thursday. USD/MXN yesterday climbed above 17.00 and today moved most of the day between 17.02 and 17.10. Recently broke decisively to the upside and reached at 17.19 the highest level since September 24.
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SNB: We expect more rate cuts - Rabobank

Today the Swiss National Bank (SNB) decided to leave rates unchanged and reiterated that the Swiss franc remains overvalued. According to analysts from Rabobank the central bank will cut rates during 2016.
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