OctaFX | OctaFX Forex Broker
Open trading account
Back

Funds weighing chances of USD/JPY to 100.00 in 2019 - Bloomberg

As reported by Bloomberg, the idea that USD/JPY could hit 100.00 in 2019 is gaining traction with fund managers, with Deutsche Bank AG issuing the 100.00 call by year-end 2019.

Key quotes

Deutsche Bank: “While the flash crash move has largely been faded, we think the drivers of yen strength go far beyond this,” write strategists including George Saravelos in a research note.

Russell Investments: “If there’s a severe slowdown in the U.S. economy and the market sniffs out the Fed’s interest rate peak, 100 would be very attainable,” said Van Luu, head of currency and fixed-income research at the firm.

Investec Asset Management: 100 is “a huge level,” according to portfolio manager Russell Silberston, as it marks the highs seen in the 2016 risk-off scare.

Janus Henderson Investors: “In a global growth slowdown, Fed cutting rates, volatility increasing type of world and with a currency as fundamentally cheap as Japanese yen, 100 doesn’t seem like a stretch.”

Credit Agricole SA: “Our long-term forecast for the yen is indeed that dollar-yen should revisit 100 by 2020,” said head of G-10 currency strategy Valentin Marinov.

US Treasury Sec. Mnuchin: Chinese Vice Premier likely to visit US for trade talks

US Treasury Secretary Mnuchin was on the wires earlier today, noting that the Chinese Vice Premier 'most likely' to visit the US for trade talks. Add
Read more Previous

US President Trump: Most likely will declare an emergency if no border deal

In an interview with Fox News, the US President Donald Trump made some comments on the border deal. Key Headlines: Most likely will declare an emerg
Read more Next
Start livechat