USD/JPY advanced nicely on the back of a more hawkish Federal Reserve and plays around 110. The team at Danske sees potential for much more: Here is their view, courtesy of eFXnews: Politics is set to take centre stage in Japan in coming months with several important events ahead. Given the economic and political situation and, not least, this year’s surge in the JPY, we think the Japanese government will announce a fiscal stimulus package before end-May. We expect the Bank of Japan to cut its policy rate by 20bp to -0.3% in July and to announce additional qualitative measures including a scale up of ETF purchases and a maturity extension of its government purchases. We expect the combination of fiscal easing and monetary easing to lift USD/JPY back into the 112-117 range. We target USD/JPY at 115 in 3M and 116 in 6-12M. We recommend investors gradually build up long USDJPY positions. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD recovery halted on positive US housing data Yohay Elam 6 years USD/JPY advanced nicely on the back of a more hawkish Federal Reserve and plays around 110. The team at Danske sees potential for much more: Here is their view, courtesy of eFXnews: Politics is set to take centre stage in Japan in coming months with several important events ahead. Given the economic and political situation and, not least, this year's surge in the JPY, we think the Japanese government will announce a fiscal stimulus package before end-May. We expect the Bank of Japan to cut its policy rate by 20bp to -0.3% in July and to announce additional qualitative measures… 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.
