Robert Rennie, Research Analyst at Westpac, suggests that they have argued for some time now that the ebb and flow of risk events should be “enough to keep USD/JPY in a 110/112 range over the next few weeks.” Key Quotes “We still hold out hope for higher levels for the pair over the next month or so” on the basis that the Fed will likely rate for the 4th time in Dec; yields will break higher (eventually) and this should be enough to offset mid-term/ twin deficit/ geopolitical US$ negatives.” “While USD/JPY has not really been able to garner much support from the rising yield spread, we see this more of a matter of time. Thus we shift our weekly bias to up; keep the 1m unchanged but shift the 3m back to neutral.” 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 Eurozone: September’s flash headline inflation came in at 2.1% y/y – TDS FX Street 4 years Robert Rennie, Research Analyst at Westpac, suggests that they have argued for some time now that the ebb and flow of risk events should be "enough to keep USD/JPY in a 110/112 range over the next few weeks." Key Quotes "We still hold out hope for higher levels for the pair over the next month or so" on the basis that the Fed will likely rate for the 4th time in Dec; yields will break higher (eventually) and this should be enough to offset mid-term/ twin deficit/ geopolitical US$ negatives." "While USD/JPY has not really been able to garner much… 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.
