OctaFX | OctaFX Forex Broker
Open trading account

Yen geared for a rally - Morgan Stanley

Analysts at Morgan Stanley are warning that the Japanese Yen could be gearing up to stage a rally across the broader markets.

Citing ongoing risk aversion from Brexit,  as well as a steady breakdown of global liquidity conditions dragging down risk assets. With sovereign bond yields also declining, which MS says will start to draw investors away from the USD 'carry' trade.

With global market risks continuing to rise, and an unattractive USD carry, the Yen could see a broad-market gainer as market flows back out of the US Dollar.

AUD/USD still stuck to 0.7200 as domestic data slumps, trade headlines circle

The AUD/USD paring is still trading around the 0.7200 level, cycling around the critical handle as Antipodean markets await a push in either direction
Read more Previous

EUR/USD Technical Analysis: Bouncing off key rising trendline, 55-day EMA is level to beat for bulls

Daily chart                                   Trend: Neutral EUR/USD Overview:     Today Last Price: 1.1331     Today Daily change: 3.0 pips  
Read more Next
Start livechat