Dollar/yen is under pressure following trade and other concerns. What’s next? Will it continue lower? Here is their view, courtesy of eFXdata: Credit Agricole Research discusses USD/JPY outlook in light of revising up its targets to 106 for end of Q2, and to 105 for end of Q3. “In terms of European political risks, we think it unlikely that the current extreme circumstances will remain. We also note that our FAST FX model is pointing to US 2Y yields being a stronger driver of the USD/JPY presently rather than the 2s10s spread, which has started to decline again since mid-May. So the former will remain a support for the USD/JPY in the near term, but we expect the latter to drag on the exchange rate in the medium term. We are therefore revising up our near-term USD/JPY forecasts: our end Q2 forecast to 106 from 104 and our end Q3 forecast to 105 from 104. Otherwise, our forecast profile is unchanged. We maintain the view that USD/JPY heads back to 105 by end-2018 and 100 by end-2019,” CACIB 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 ESM urges Greece to stick to reforms – Reuters News FX Street 5 years Dollar/yen is under pressure following trade and other concerns. What's next? Will it continue lower? Here is their view, courtesy of eFXdata: Credit Agricole Research discusses USD/JPY outlook in light of revising up its targets to 106 for end of Q2, and to 105 for end of Q3. "In terms of European political risks, we think it unlikely that the current extreme circumstances will remain. We also note that our FAST FX model is pointing to US 2Y yields being a stronger driver of the USD/JPY presently rather than the 2s10s spread, which has started to decline again since mid-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.
