Barring a return of extreme risk aversion as seen in early March when JPY/CNH traded above 6.80, economists at ANZ Bank expect the cross to trade lower from the current level. Key quotes “With a fiscal aid package of more than 20% of GDP, the BoJ has now offered to buy an unlimited amount of government bonds. Ultra easy monetary policy will keep JPY weak. In comparison, the PBoC will ease but there is no plan to monetize the budget deficit.” “We look for a rebound to the 6.7 handle to start turning short in the cross. Forward points are positive (about 150pips per month), to the benefit of sellers.” “For buyers, the immediate support is 6.60, held well in the past month.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD eases from tops, back below 1.1000 FX Street 3 years Barring a return of extreme risk aversion as seen in early March when JPY/CNH traded above 6.80, economists at ANZ Bank expect the cross to trade lower from the current level. Key quotes “With a fiscal aid package of more than 20% of GDP, the BoJ has now offered to buy an unlimited amount of government bonds. Ultra easy monetary policy will keep JPY weak. In comparison, the PBoC will ease but there is no plan to monetize the budget deficit.” “We look for a rebound to the 6.7 handle to start turning short in the cross. Forward points are… 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.
