#USDJPY @ 139.955 to remain supported as market banks on a further Fed rate hike in June – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER 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_level1)]
Economists at Commerzbank discuss USD/JPY outlook.
“In view of the high inflation levels the best approach for supporting the Yen would be a reversal in monetary policy. However, the BoJ still seems quite a long way off doing that at present. To intervene in a situation like this, i.e. following a strategy of leaning against the wind, would probably simply accelerate the depreciation speed of the JPY.”
“If the US central bank sticks to its hawkish rhetoric with the market increasingly banking on a further Fed rate hike in June USD is likely to remain supported against JPY for now. So it is possible that Japanese officials will use a stricter tone over the coming weeks.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
