Dollar/yen is flirting with the highs, topping 112. Will it continue further to the upside? The team at BTMU weighs in: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the JPY has weakened modestly, there must be a risk of greater underperformance over the coming days and weeks if these market conditions persist. “After a period of heavy repatriation of foreign securities investment by Japanese investors that flow has started to reverse again. In the first four months of 2017, Japanese investors sold JPY 7,938bn worth of foreign bonds but weekly data in May and June to the week ending 16th shows Japanese investors have bought JPY 4,976bn,” BTMU adds. “Low volatility and generally favourable market conditions may entice a greater portion of un-hedged purchases, helping to weaken the yen,” BTMU argues. 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 Daily Look share Read Next USD/JPY shoots higher despite Fed caution Yohay Elam 6 years Dollar/yen is flirting with the highs, topping 112. Will it continue further to the upside? The team at BTMU weighs in: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the JPY has weakened modestly, there must be a risk of greater underperformance over the coming days and weeks if these market conditions persist. "After a period of heavy repatriation of foreign securities investment by Japanese investors that flow has started to reverse again. In the first four months of 2017, Japanese investors sold JPY 7,938bn worth of foreign bonds but weekly data in May… 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.
