What is the quarterly outlook for EUR/USD and USD/JPY? Here is their view, courtesy of eFXdata: Bank of America Global Research targets EUR/USD at 1.18, 1.16, and 1.15 by end of Q2, Q3, Q4 respectively. BofA also targets USD/JPY at 107, 110, and 113 by end of Q2, Q3, Q4 respectively. “In the case of EUR in particular, we see two key drivers for the EUR in the short term and two in the long term….Although these drivers, as well as USD forces could go either way, we keep a bearish EUR bias. The main reason is expectations for a weaker Eurozone recovery compared with the US, which eventually should be consistent with diverging monetary policies. EURUSD is somewhat above our 2Q forecast, but we stick to 1.15 forecast by year-end. The consensus has been slowly adjusting lower and is now close to current spot. Our year-end USDJPY forecasts remains 113. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next EUR/NOK: Strategic bearish krone view is intact – Danske Bank FX Street 2 years What is the quarterly outlook for EUR/USD and USD/JPY? Here is their view, courtesy of eFXdata: Bank of America Global Research targets EUR/USD at 1.18, 1.16, and 1.15 by end of Q2, Q3, Q4 respectively. BofA also targets USD/JPY at 107, 110, and 113 by end of Q2, Q3, Q4 respectively. "In the case of EUR in particular, we see two key drivers for the EUR in the short term and two in the long term....Although these drivers, as well as USD forces could go either way, we keep a bearish EUR bias. The main reason is expectations for a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
