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USD/JPY to fall further, AUD and CAD too - Barclays

Discussion in 'Market News' started by ForexLive, Jan 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    JPY: Global risk sentiments to remain the main driver of the JPY From Barclays: Amid a sharp deterioration in global risk sentiments, the JPY outperformed other currencies on flight-to-quality bids since the beginning of 2016. USDJPY has fallen close to 117, or the lowest level since last August, while the JPY NEER reached the pre-QQE2 high (Figure 5). Fluctuations in global risk sentiments will likely remain the main driver of the JPY this week.Further weakness in global equity markets may drive USDJPY lower to test 115, the resistance level held since the BoJ delivered QQE2 in October 2014.

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