OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/JPY holding steady around 94.15/20

FXstreet.com (Barcelona) - The Japanese yen is closing the week with a firm tone against its American counterpart, coinciding at the same time with the end of the fiscal year in Japan, where historically the yen tends to appreciate.

In light of the next BoJ gathering next week, Analysts G.Yu and M.Narain at UBS expect Governor Kuroda to implement measures to weaken the yen. “The bar is higher for ‘surprises’, but we expect upside momentum to remain for USDJPY and stick to our year-end forecast of 100”, the experts concluded.

At the moment, the cross is down 0.03% at 94.18 with the next support at 93.88 (low Mar.28) followed by 93.81 (Kijun-Sen line) and then 93.53 (low Mar.25).
On the upside, a surpass of 94.43 (MA100h) would bring 94.80 (Tenkan line) and finally 94.60 (MA200h).

Forex Flash: USD/CHF potential decline ahead – Societe Generale

The cross is now trading in a very narrow range between 0.9490 and 0.9500 on Friday, stabilizing after climbing as high as the boundaries of 0.9560 on Wednesday, following the positive momentum of the USD....
Read more Previous

Forex Flash: Reiterating the ECB’s focus – Goldman Sachs

A benign inflation outlook and continued weakness of economic activity create a strong prima facie case for further monetary easing in the Euro area. According to the Economics Research Team at Goldman Sachs, “We continue to expect the ECB to keep its key policy rates on hold at the April Governing Council meeting next week.” The ECB has established a very easy monetary policy stance in the Euro area: market overnight rates are close to zero and the liquidity situation is ample. But, owing to impairments to monetary policy transmission stemming from the current fragmentation of European financial markets, this easy policy stance is not being passed through to the real economy in the periphery, where stimulus is most needed.
Read more Next
Start livechat