Spot is seen edging higher in the longer run, always supported by the divergence in policy between the Fed and the BoJ. Key Quotes “JPY weakness has materialised against USD and EUR despite rising trade concerns of late as the latter seems to currently affect the FX market mainly via economic (USD positive, JPY negative via its China exposure) rather than risk (JPY positive) channels”. “The recent level shift in USD/JPY has led us to revise higher our 1-3M forecasts to 112 in 1-3M (previously 110). That said, we stress that disregarding trade tensions, there are downside risks due to the lingering political uncertainty in Japan ahead of the Liberal Democratic Party’s (LDP) leadership election in September”. “Longer term, we expect USD/JPY to remain underpinned by Fed-Bank of Japan divergence and a continued move higher in US yields and now target USD/JPY at 114 in 6-12M (previously 112)”. 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 UK government survive key votes – TDS FX Street 5 years Spot is seen edging higher in the longer run, always supported by the divergence in policy between the Fed and the BoJ. Key Quotes "JPY weakness has materialised against USD and EUR despite rising trade concerns of late as the latter seems to currently affect the FX market mainly via economic (USD positive, JPY negative via its China exposure) rather than risk (JPY positive) channels". "The recent level shift in USD/JPY has led us to revise higher our 1-3M forecasts to 112 in 1-3M (previously 110). That said, we stress that disregarding trade tensions, there are downside risks due to… 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.
