Robert Rennie, Research Analyst at Westpac, suggests that they have stuck with a neutral near term/ more constructive 1m bias for USD/JPY pair on the basis that the 108 to 111 range was well defined but we do see a break higher in the months ahead as the ‘positive dollar fundamentals’ shine through. Key Quotes “The potential for all out trade war/ European political risks and EM volatility remain potent factors that should contain USD/JPY within the current range though the lack of downside over the last week or so suggests stronger underlying demand.” “Thus at the risk of being too confident in the near term, we shift our near term neutral bias back to positive again.” 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 Canada: CPI rose 2.2% on a year-over-year basis in May, matching April’s reading FX Street 4 years Robert Rennie, Research Analyst at Westpac, suggests that they have stuck with a neutral near term/ more constructive 1m bias for USD/JPY pair on the basis that the 108 to 111 range was well defined but we do see a break higher in the months ahead as the 'positive dollar fundamentals' shine through. Key Quotes "The potential for all out trade war/ European political risks and EM volatility remain potent factors that should contain USD/JPY within the current range though the lack of downside over the last week or so suggests stronger underlying demand." "Thus at the risk of being… 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.
