According to analysts at ING, suggests that the USD/JPY pair is making hard work of the upside and the JPY’s lack of correlation to the CNY is a distinct advantage right now. Key Quotes “The Fed’s data-dependent approach to monetary policy and the run of data points to some support for US market interest rates over coming months and the high USD hedging costs that have encouraged more Japanese interest in unhedged foreign bonds.” “The BoJ recently felt the need to clarify forward guidance of low rates until spring 2020 and ease eligible collateral requirements. Clearly normalisation won’t be an issue for the BoJ, who will closely monitor developments around the planned VAT hike on 1 Oct.” “110/112 may be the best levels until the $ trend turns into 2020.” 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/JPY to trade in the region of 108 on a 12 month view – Rabobank FX Street 3 years According to analysts at ING, suggests that the USD/JPY pair is making hard work of the upside and the JPY's lack of correlation to the CNY is a distinct advantage right now. Key Quotes "The Fed's data-dependent approach to monetary policy and the run of data points to some support for US market interest rates over coming months and the high USD hedging costs that have encouraged more Japanese interest in unhedged foreign bonds." "The BoJ recently felt the need to clarify forward guidance of low rates until spring 2020 and ease eligible collateral requirements. Clearly normalisation won't be an… 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.
