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Will USD/JPY Spike Towards 110 Or Fall To 90 By End-Q3? - JP Morgan
JP Morgan kept its USD/JPY forecasts at 102 as of end-Q3 and 105 as of end-Q4. "The USD is likely to remain range-bound unless we see significant surprises from the US economic data and /or Fed commentary. Given this backdrop, JPY’s trend will likely become the more important determinant for USD/JPY ahead. The developments in the past month are generally supportive for our mid-term JPY-bearishness," JPM outlines its m/t bias on the pair. The upside risk to this view, according to JPM, could probably take USD/JPY towards 110 and EUR/JPY towards 140 by end-Q3 if one or more of these 3 scenarios materialize: (1) US ... (full story)
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- holmes
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Those who say it cannot be done should not interrupt those who are doing it
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Buy when everyone else is selling and sell when everyone else is buying !
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cryptocurrency everytime
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Those who say it cannot be done should not interrupt those who are doing it