Considerable upside in Yen vs. US Dollar – TDS
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at TD Securities think the Yen will trade with an asymmetric bias that is tilted to the upside.
“With the Fed ceding leadership on policy to the ECB and the BoJ, JPY trading bias remains asymmetric and with considerable room for gains.”
“We expect USD/JPY to register a 120-125 handle this quarter. We think rallies to 133/134 in will make for an attractive short.”
“We are biased to appreciable strategic EUR/JPY downside towards 130 in the coming months.”
[/s2If]
Join Our Telegram Group
