Will USD/JPY Spike Towards 100 Or Fall To 80 By End-Q2? - JP Morgan

Will USD/JPY Spike Towards 100 Or Fall To 80 By End-Q2? - JP Morgan

From efxnews.com

JP Morgan revised its USD/JPY forecasts higher expecting the pair to trade in the 80-90 range for most of 2013, (previous forecasted range was 75-85). "This revision was necessary since we had underestimated 1) the multiplier effect on the currency of Japan’s trade deficit, and 2) the significant change in non-Japanese investors' perception towards Japanese politics and policies," JPM clarifies. The upside risk to this view, according to JPM, could probably take USD/JPY towards 100 by end-Q2 if one or more of these 3 scenarios materialize in Q1/Q2: (1) US employment figures improve significantly, (2) the Chinese ... (full story)

Comments
Comment
Subscribe

Post #1
Quote
Jan 27, 2013 8:08am Jan 27, 2013 8:08am

forexmnstr
| Joined Jul 2012 | Status: *Time is my only friend* | 5 Comments

92-3 maximum will reach ... after will probably bounce downward ...

Post #2
Quote
Jan 27, 2013 9:10am Jan 27, 2013 9:10am

Guest
| IP XXX.XXX.31.53

it will hit 95, retrace back to 90, at which point the new president of BOJ will take over and push the yen to 100

Post #3
Quote
Jan 27, 2013 9:51am Jan 27, 2013 9:51am

krunfx
Joined Jun 2009 | Status: Carry Trader that not want interest | 336 Comments

100....hehe

Post #4
Quote
Jan 27, 2013 10:12am Jan 27, 2013 10:12am

fxrussel
| Joined Jan 2013 | Status: Member | 3 Comments

We never know which way it will move up or down. if you sure why dont you buy with your maximum volume? but you dont you 2 dont sure about it.

Post #5
Quote
Jan 27, 2013 10:19am Jan 27, 2013 10:19am

Guest
| IP XX.XXX.70.126

Speculating is a waste of time, draw your trendline. As long as we continue to close above the trendline, buy on dips. If we close below the trendline look to sell on rallies. Too much time is spent by people trying to figure out if the market is going up or going to go down in x amount of months. Look at your chart and trade what you see.

Post #6
Quote
Jan 27, 2013 11:15am Jan 27, 2013 11:15am

eurusdthb
| Joined Jan 2013 | Status: Looking for Finance Freedom | 152 Comments

bullish please !!! SL @ 90.75 TP @95 LOL

Post #7
Quote
Jan 27, 2013 2:59pm Jan 27, 2013 2:59pm

Guest
| IP XX.XXX.10.187

Quoting forexmnstr

Disliked

92-3 maximum will reach ... after will probably bounce downward ...

Ignored

First sign of real toping will be consolidation something about 100 pips below local top. Like always, now only daytrading with tight SL. Other you can lose everything.

Post #8
Quote
Jan 28, 2013 2:02am Jan 28, 2013 2:02am

swingalong
| Joined Oct 2011 | Status: Member | 10 Comments

Isn't about time to retrace down to 84-85 support area, some kind of technical correction ?

Post #9
Quote
Feb 14, 2013 1:33pm Feb 14, 2013 1:33pm

JayPipin
| Joined Dec 2012 | Status: Member | 23 Comments

110

Story Stats

Posted: Jan 27, 2013 8:05am
Submitted by:
eFx Newz

Category: Fundamental Analysis

Comments: 9 / Views: 4,163