Trading news

Expert's opinion from FXFinPro

The Japanese yen may resume decline

The price of the Japanese yen strengthened against the background of a sharp fall in the stock markets of China and the rising tensions in the Middle East due to the breaking of diplomatic relations between Saudi Arabia and Iran. This fact increases the interest in the defensive assets, but it is worth noting that similar situations have traditionally a short-term influence on the course of trading and, according to our estimates, the strengthening of the US dollar and the loose monetary policy of the Bank of Japan will lead to a resumption of growth of the price of USD/JPY with the targets at 121.50, 122.30 and 123.60. Our medium-term outlook for the Japanese yen remains negative and we recommend accumulating long positions.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Tuesday, 05 Jan, 2016 / 1:42

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Oil is driven by a strain in the Middle East

Oil quotes began to grow again. Brent crude is successfully making its way [...]

Posted on Friday, 17 May, 2019 / 9:11 under

AETOS Market Commentary 17/06/2019

  EURUSD The Euro slumped against the greenbacks on Thursday, and [...]

Posted on Friday, 17 May, 2019 / 8:41 under

GBP Victim of Brexit Uncertainty, Australians Head to the Ballots

Market sentiment improved yesterday, with EU and US indices ending their [...]

Posted on Friday, 17 May, 2019 / 7:39 under