USD/JPY COULD RISE A LITTLE FURTHER IF THE BOJ STAYS ON HOLD – COMMERZBANK
The Japanese Yen (JPY) has lost considerable ground against the US Dollar (USD) since the beginning of the year. Economists at Commerzbank analyze USD/JPY outlook.
Scepticism about Japanese monetary policy has weighed on the Yen
USD/JPY has staged a move higher this month. Even if the stronger Dollar may have been partly responsible, scepticism about Japanese monetary policy is also likely to have played a role.
If the BoJ makes it clear next week that it does not intend to change its expansionary course for the time being – which we believe is likely – USD/JPY could rise a little further.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.