It’s all but impossible to have a confident near term outlook for USD/JPY given ongoing developments, in the opinion of analysts at Westpac Institutional Bank. Key quotes “We remain of the view that USD/JPY should and will be lower; however, that view could take some time to evolve.” “In the very near term we would be surprised to see strength above the 109/110 and that looks like a logical area to try to fade the market.” “Over the next few weeks/months our confidence in a move lower in USD/JPY would increase. Thus, we maintain our negative bias on a 1 and 3 month basis.” 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/CAD: Postrecession recovery to 1.40 by year-end – CBIC FX Street 2 years It’s all but impossible to have a confident near term outlook for USD/JPY given ongoing developments, in the opinion of analysts at Westpac Institutional Bank. Key quotes “We remain of the view that USD/JPY should and will be lower; however, that view could take some time to evolve.” “In the very near term we would be surprised to see strength above the 109/110 and that looks like a logical area to try to fade the market.” “Over the next few weeks/months our confidence in a move lower in USD/JPY would increase. Thus, we maintain our negative bias on a 1… 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.
