USD/JPY retreated after marching to the upside. What’s next? Here is their view, courtesy of eFXdata: NAB Research discusses USD/JPY outlook and notes that from a technical perspective USD/JPY has room to trade toward ¥114.50 before it finds some serious resistance. “The speculative community has modestly increased it short JPY positioning, but history would suggest there is plenty of room for further increases. Our USD/JPY fair value model also suggests the currency is not yet looking expensive and similar to the technical picture, a move to nearer ¥114.50 is needed for the pair to look rich (all else equal). Our bias would be for USD/JPY to head above ¥114 as long as trade tension worries do not turn into a DM equity rout,” NAB 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/CNY Technical Analysis: retraced 78.6 percent of 2016-2016 drop, overbought FX Street 5 years USD/JPY retreated after marching to the upside. What's next? Here is their view, courtesy of eFXdata: NAB Research discusses USD/JPY outlook and notes that from a technical perspective USD/JPY has room to trade toward ¥114.50 before it finds some serious resistance. "The speculative community has modestly increased it short JPY positioning, but history would suggest there is plenty of room for further increases. Our USD/JPY fair value model also suggests the currency is not yet looking expensive and similar to the technical picture, a move to nearer ¥114.50 is needed for the pair to look rich (all else equal). Our… 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.
