OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Buy USD/JPY dip this week among other recommendations for the next two months – JP Morgan

FXstreet.com (Barcelona) - JP Morgan analysts believe this spring could prove more manageable than previous ones: “The US slowdown looks temporary because it is owed to modest fiscal tightening; Asian markets and commodity prices are less China-dependent given Japan’s strength; and Europe has more become the world’s chronic underachiever rather than its generator of acute financial risk”.

In regard to macro trades: “The next two months are risky due to the global slowdown, but drawdown should be much lower than previous years when policymaking was at its most dysfunctional”, they said, recommending to re-enter cash USD/JPY longs on this week's dip and to hold other positions around three themes: eventual Japanese capital outflows (short JPY vs USD, AUD, BRL and ZAR); diminishing local risks in Asia (long CNY and KRW vs USD); and limited appreciation in many cyclical currencies (options spreads in AUD, NZD, BRL, NOK, & SEK).

Forex Flash:LDP edges closer to Japanese Upper House majority - Nomura

Nomura Strategist Yujiro Goto of Nomura notes that the LDP won an important seat in the Upper House recently.
Read more Previous

Forex Flash: USD/CAD potential upside ahead – Danske Bank

The Canadian dollar continues to advance against its neighbour on Monday, dragging the cross below 1.0150....
Read more Next
Start livechat