OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

USD/JPY technically bullish - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that USD/JPY has broken up through resistance, trading towards the April high of 104.13.

Key Quotes:

Today’s trade data was mixed, as the trade deficit widened to ‐¥964bn but the details suggested that both exports and imports were stronger than expected, up 3.9% and 2.3%, respectively. We hold a Q314 target of 104 and a year‐end target of 109; expecting that the impact of the sales tax and inflation target may lead to a shift to a more dovish tone from the BoJ."

"USD/JPY short‐term technicals: bullish with all major studies warning of further upside risk, opening up a potential test of the April high of 104.13.

Argentina Monthly Econ Activity (MoM) up to 0% in June from previous -0.2%

Read more Previous

Yellen to speak on Labour markets – this is key - BAML

Michael S. Hanson, US Economist at BAML told us that, on Friday morning, at the Jackson Hole Symposium, Fed Chair Janet Yellen will give a speech entitled simply, "Labor Markets”.
Read more Next
Start livechat