Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 19 - 06:55 AM

USD/JPY - CORRECTED-BUZZ-USD/JPY Shorts Look Much Too Risky

By Jeremy Boulton  —  Aug 19 - 04:45 AM

Amends from daily to weekly cloud

  • Traders are short dollars nL1N3K608D

  • U.S. and Japanese monetary policy will support USD/JPY far into the future

  • Rate gap eyed 3% favour dollar at the end of next year

  • BOJ plans to keep buying bonds - Y3tln at start of 2026

  • Anticipated U.S. easing will fuel stock rallies, and support risk appetite

  • Robust risk appetite will favour USD longs - carry trades vs JPY

  • JPY likely to be sold vs GBP, EUR, NZD, CAD, AUD and MXN

  • Strong Japanese demand likely below 145 - ave f/c in Tankan rough 142-144

  • Weekly Ichimoku cloud 140.78-145.97 provides thick band of support

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!