Dollar/yen is getting comfortable around 113. What’s next? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research believes that the BoJ can keep the 10yr yield under control by its operations. “On the other hand, it may tolerate the gentle rise of superlong-term (over 10yr) yields to around 1%. From BoJ’s actions after YCC was introduced, we have pointed out that the BoJ does not want to increase its superlong-term JGB purchases, or that it wants to reduce those purchases by even a small amount. At the very least, it is probably reasonable to assume that the BoJ has no intention of aggressively lowering superlong-term yields,” BofAML argues. USD/JPY: Another leg higher in USD/JPY in 2017 “We continue to view the USD/JPY is in a medium-term bull market. We will be more concerned about currency diplomacy if the USD/JPY rallies decisively beyond 120. We would buy dips on the USD/JPY into 120, and sell the strength above the level,” BofAML advises. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next EUR/USD is back to the highs – make or break? Yohay Elam 6 years Dollar/yen is getting comfortable around 113. What's next? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research believes that the BoJ can keep the 10yr yield under control by its operations. "On the other hand, it may tolerate the gentle rise of superlong-term (over 10yr) yields to around 1%. From BoJ's actions after YCC was introduced, we have pointed out that the BoJ does not want to increase its superlong-term JGB purchases, or that it wants to reduce those purchases by even a small amount. At the very least, it is probably reasonable 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.
