The US dollar was pressured against most currencies in a week that saw very unsettled stock and commodity markets. On the agenda we have German Economic Sentiment, UK employment data, US housing and inflation data, and the highly important FOMC decision which is dubbed as historic. These are the market movers for this week. US Consumer confidence rebounded, rising to 91.8 in December, the highest level in four months amid positive views on ...
Deutsche Bank advises clients to stay long USD/JPY reiterating its view that USD/JPY should gradually trade up to 128 over the course of Q3. DB outlines the following 4 reasons behind this view. 1- "Japanese institutional investors continue to buy foreign assets, and not only on dips. Lifers in particular have ramped up purchases with limited sensitivity to the exchange rate. We think pensions, albeit more sensitive, have lifted their ...
Bullish USD/JPY Outlook to Deteriorate Further on Less-Dovish BoJ Fundamental Forecast for Japanese Yen: Neutral Japan GDP Trumps Estimates, USD/JPY Targets 99.44 if Support Broken Price & Time: Watching & Waiting in the Yen The USD/JPY extended the decline from earlier this month, with the pair slipping to a fresh low of 101.30, and the Bank of Japan (BoJ) interest rate decision may continue to ...
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