USD/JPY: stuck in familiar ranges - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY risk is centered on the outlook for relative policy as market participants consider the prospect of a normalizing Fed in contrast to an accommodative BoJ.

    Key Quotes:

    "We maintain a bias to weakness and look to USD/JPY gains into year end with a Q415 forecast of 125 and a Q416 forecast of 131. USD/JPY faces ongoing vulnerability to turbulence in the broader market tone, however we note that these periods tend to be short-lived and highlight that options prices continue to favor protection against upside risk in USD/JPY."
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