In the view of the analysts at Citi Group, the risks remain skewed to the downside in USD/JPY in the coming months and breach of the key support near 104.80/50 could expose 100.00 levels. Key Quotes: “Escalating trade tension lead money flow into JPY. Fed Chair Powell’s speech in Jackson Hole implied series of downside risks but did not mention any measures. The view was seen as leaning to dovish. Any further BoJ ease will be reactive to ECB/ Fed easing and therefore likely following JPY strength. Moreover, supports to Japanese activity may also stem from upcoming sporting events including the Rugby World Cup and 2020 Olympics. As such, a continuing drop in UST-JGB yield differentials would likely point to a move back to $/JPY 100 or lower.” 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 Italy: Talks between Five Star and Democrats to continue on Tuesday – ANSA FX Street 4 years In the view of the analysts at Citi Group, the risks remain skewed to the downside in USD/JPY in the coming months and breach of the key support near 104.80/50 could expose 100.00 levels. Key Quotes: "Escalating trade tension lead money flow into JPY. Fed Chair Powell's speech in Jackson Hole implied series of downside risks but did not mention any measures. The view was seen as leaning to dovish. Any further BoJ ease will be reactive to ECB/ Fed easing and therefore likely following JPY strength. Moreover, supports to Japanese activity may also stem from upcoming sporting events including… 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.
