| Commentary

Become a contributor

Bookmark Econotimes

| Commentary

U.S. Consumer Confidence falls in September

Canada's economy shows growth in July, but growth stalled in

U.S. Q3 economic growth unrevised in second estimate

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. weekly jobless claims unexpectedly decrease

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Philippine central bank keeps interest rate unchanged at 2 pct

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. existing home sales decline in August

U.S. vehicle sales fall again in November

United States building permits

Swedish economic sentiment indicator rises in November

Swiss franc likely to gradually depreciate against euro in coming months

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

©Econometrics LLC . All Rights Reserved.

USD/JPY range to shift higher

Tuesday, June 30, 2015 3:41 AM UTC

Bank of Japan (BoJ) Governor Haruhiko Kuroda's recent comments about the yen's real effective exchange rate and his later explanatory remarks prompted discussions in the FX market.

Basic scenario is that USD/JPY will hover in the USD/JPY120-125 range for the time being as Kuroda may prefer near-term FX stability and as long-term policy divergence may take time to manifest itself in light of the crowded yen short position, potential risk of market correction on the normalization of US monetary policy, and the current USD/JPY seems to be partly priced for future divergence.

The acceleration of the US economy and rise in short-term yields, the possible downward revision of the BoJ's bullish price outlook down the road, and (3) the BoJ's asymmetrical stance on policy responses, we continue to see a gradually higher USD/JPY trajectory.

"The range is likely to transition into USD/JPY125-130 into 1H16 as USD/JPY to rise to 125 by year-end and beyond in H1 16", forecasts Bank of America.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

FxWirePro- Major Crypto Updates

FxWirePro- Token Unlock Tomorrow (

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

USD/JPY range to shift higher

Editor's Picks

Welcome to EconoTimes