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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out