SasoKlobucaric
Long

USD/JPY forecast 9 April 2015

FX:USDJPY   U.S. Dollar / Japanese Yen
Buy USD/JPY            

USD/JPY             has declined modestly in response and BNPP thinks that a big correction is unlikely for the following reasons: "We expect underlying Japan investor outflows to limit downside in USDJPY             and for higher US front-end yields to guide the pair higher. In addition, our FX Positioning Analysis indicates that net short JPY positioning remains at very light levels – this both limits scope for a deep retrenchment in USDJPY             and provides room for new positions if the market regains confidence in the USD uptrend and/or expect the BoJ to deliver further easing. In addition, the financing side of the BoP data showed more evidence of increased Japanese investor demand for overseas securities," BNPP adds.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out