• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

USD/JPY: "147.66 ... is the natural target" (Deutsche Bank)

Started by forex4you, Sep 09, 2022, 08:45 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

USD/JPY: "147.66 ... is the natural target" (Deutsche Bank)

<p>Reuters posted this Thursday on the yen slump. </p><ul><li>But this week's almost 3% drop, without any particular trigger, was enough for some funds to call time on the first leg of their wager that Japan would have to quit its policy of capping bond yields as its global peers push rates higher.</li><li>"We think we are getting close to an inflection point of policy," said BlueBay Asset Management chief investment officer Mark Dowding, especially as inflation starts to pick up.</li><li>"We're not shorting the yen anymore and we're not long," said Akshay Kamboj, co-chief investment officer at hedge fund Crawford Ventures.</li></ul><p>---</p><p>On levels:</p><ul><li>"The big 1998 dollar/yen high at 147.66 ... is the natural target," said Deutsche Bank strategist Alan Ruskin, adding intervention risks would increase as it neared. "It would not be surprising to see substantial yen longs set up on its approach."</li></ul><p> --</p><p>If you'd prefer to trade what you see & not what you think I posted this on warning signs to listen for from Japanese authorities:</p><ul><li><a href="https://www.forexlive.com/centralbank/heres-what-to-watch-for-to-warn-of-imminent-bank-of-japan-boj-yen-intervention-20220907/" target="_blank" data-article-link="true">Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention</a></li></ul><p>Also, this on the barriers at 145:</p><ul><li><a href="https://www.forexlive.com/news/knock-out-options-145-in-usdjpy-defensive-sellers-ahead-the-level-20220908/" class="article-link">Knock out options 145 in USD/JPY - defensive sellers ahead the level</a></li></ul><p>And, the latest from Japanese authorities.</p><p><a href="https://www.forexlive.com/news/japan-top-currency-diplomat-government-boj-is-extremely-worried-about-recent-yen-moves-20220908/" target="_blank" data-article-link="true">Japan top currency diplomat: Government, BOJ is extremely worried about recent yen moves</a></p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: USD/JPY: "147.66 ... is the natural target" (Deutsche Bank)

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com