USD/JPY: Break over 150.00 looks more likely than not over the short term – MUFG – by MSalordFX USDJPY Banks Currencies
“We are maintaining the unusually wide range we set last month after the Japanese authorities had intervened to stem the depreciation of the yen. We decided against a bearish bias despite the yen-buying intervention on the view that there would be appetite to buy at lower USD/JPY levels. That proved correct and the yen now today is trading at slightly weaker levels than when the intervention took place in September.
“The threat of intervention is high and hence a risk to our bullish bias is that the authorities conduct intervention that is more aggressive and more persistent than we assume that would then have a bigger impact on driving USD/JPY lower. There are also risks surrounding the FOMC meeting on 2nd November.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY still targets the 150.00 mark near term – UOBDespite the current overbought conditions in USD/JPY, a test of the 150.00 still remains on the cards, note UOB Group’s Markets Strategist Quek Ser Le
Read more »
USD/JPY looks certain to hit 150.00 if BOJ delays interventionThe USD/JPY pair is hovering around the immediate hurdle of 149.00 in the Tokyo session. The asset has delivered an upside break of the rangebound str
Read more »
USD/JPY to hover around 150.00 into year-end amid prolonged FX intervention campaign – INGThere is an elevated risk that Japanese authorities will intervene in the FX market to support the yen today. Economists at ING expect the USD/JPY pai
Read more »
Breaking: USD/JPY pops 149.00, highest since June 1990sUSD/JPY has pierced the 149.00 level as per the following 5-month chart: The bull eye the prospects of running up to the psychological level of 150 wh
Read more »
EUR/JPY Price Analysis: Extra gains look likely near termEUR/JPY accelerates the upside momentum and reaches fresh tops around the 147.00 hurdle, an area last seen back in December 2014. Considering the curr
Read more »
Japanese Yen Latest: USD/JPY Traders Wary of Official Intervention as 150 NearsThe Japanese Yen continues to weaken against the US dollar and earlier in the session traded at lows last seen in August 1990. Get your market update from nickcawley1 here:
Read more »