USD/JPY finished ~1 big figure lower despite limited fresh data and Fedspeak, as BoJ hike odds nudged higher on fears the bank is behind the curve.
USD/JPY’s move lagged model/fundamental signals
Expect JPY to be a bigger, steadier contributor to further USD depreciation in the months ahead.
Baseline rates view implies ~4% more downside in DXY; falling hedging costs should spur reallocations (Europe) and greater Japan participation
Even aside from Fed cuts, diversification/hedging away from USD is supported by lingering US institutional-governance concerns
Trade idea: Stay short USD/JPY with a 142 target and 152 stop.
This article was written by Arno V Venter at investinglive.com.Hence then, the article about goldman likes usdjpy shorts targeting 142 with stops above 152 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Goldman likes USDJPY shorts targeting 142 with stops above 152 )
Also on site :
- Iranian Foreign Minister spokesperson in exclusive interview discusses cause of the war and Iran’s stance
- Walmart’s 'Very Sturdy' $53 3-Piece Patio Set Is Perfect for Small-Space Entertaining
- ‘Inflationary surge’: Fed economists warn AI hype is overheating the economy whether or not the technology ever delivers