OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY: Should and will be lower – Westpac

It’s all but impossible to have a confident near term outlook for USD/JPY given ongoing developments, in the opinion of analysts at Westpac Institutional Bank.

Key quotes

“We remain of the view that USD/JPY should and will be lower; however, that view could take some time to evolve.”

“In the very near term we would be surprised to see strength above the 109/110 and that looks like a logical area to try to fade the market.”

“Over the next few weeks/months our confidence in a move lower in USD/JPY would increase. Thus, we maintain our negative bias on a 1 and 3 month basis.”


Fed's Barkin: Fed focused on ensuring liquidity and market functions

"The US central bank is working to address the market problems as they become apparent," Richmond Fed President Thomas Barkin said on Thursday. "The F
Read more Previous

USD/CAD: Postrecession recovery to 1.40 by year-end – CBIC

Recessions at home and abroad are historically negatives for a cyclical currency like the Canadian dollar, as analysts at CBIC Capital Markets note. K
Read more Next
Start livechat