In the view of the analysts at Scotiabank, the yen is likely to strengthen further, which could see USD/JPY falling as low as 102.00 in the coming months. Key quotes “The yen to show strength amid favorable real yield differentials, diverging growth outlook in the US compared to the rest of world, positive technical and seasonality, August has been the second-best month for the Japanese currency since 1994).” “We think the charts point to a USD decline to 104 at least and suggest a potential for the decline to reach 102 in the next 1-2 months.” “This would approximate to the low point of the “dollar smile” framework (where the USD under-performs amid improving prospects ex-USA, risk assets are supported, and liquidity tensions are absent.” 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 USD: Can The USD Sell-Off Resume? A Look At Technicals, Positioning & Month-End Flows – Citi Kenny Fisher 3 years In the view of the analysts at Scotiabank, the yen is likely to strengthen further, which could see USD/JPY falling as low as 102.00 in the coming months. Key quotes “The yen to show strength amid favorable real yield differentials, diverging growth outlook in the US compared to the rest of world, positive technical and seasonality, August has been the second-best month for the Japanese currency since 1994).” "We think the charts point to a USD decline to 104 at least and suggest a potential for the decline to reach 102 in the next 1-2 months." "This would approximate to the… 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.
