OctaFX | OctaFX Forex Broker
সাইন-ইন
অ্যাকাউন্ট খুলুন
Back

Forex Flash: USD/JPY could target 93.00-95.00 by H1 2013 – Rabobank

The cross is now bouncing off lows in the proximities of 93.10 to the current region around 93.30 in a context dominated by the increasing risk aversion.
According to Jane Foley, Chief Currency Strategist at Rabobank, the recent voices against the Japanese government regarding the strong depreciation of the yen could fin some support domestically and thus pointing to a more stable exchange rate in the medium term.

“If, as we anticipate, the Fed is pulling out of QE by year end but the BoJ is still keeping the printing presses on overdrive, higher treasury yields should act as a disincentive for USD/JPY to push higher. By the second half of this year we expect that USD/JPY will have stabilised in the 93-95 area”, Foley concluded.

Forex: USD/JPY sidelined around 93.30

After being rejected from a high of 94.45 last Monday, USD/JPY pulled back weighed by the unclear G7 statement and entered in a consolidation phase that has extended over the last days.
আরও পড়ুন Previous

Forex: AUD/USD erases yesterday's gains

The AUD/USD fell to as low as 1.0327 during the European morning but is now stabilizing under a very tight range, at 1.0338/43 area. As yesterday's opening price was of 1.0337, the cross has basically erased all of yesterday's gains. On the side of Australia was Consumer Inflation Expectation, posing at 2.2% in February, higher than the previous figure of 2.0%.
আরও পড়ুন Next
শুরু করুন লাইভ চ্যাট