Trading news

Expert's opinion from FXFinPro

We forecast the growth of USD/JPY

Rise in oil prices after a strong decline and restoration of positions on world stock markets led to a decline in demand for defensive assets, which have led to a drop in the price of the Japanese yen. In addition, the negative trend was intensified by speculation regarding a possible strengthening of measures to support the growth of inflation in the country. According to our forecasts, the USD/JPY recovery will continue in the near future and medium term, with the immediate objectives at 120.20, 121.50 and 122.30. We recommend accumulating long positions on the pair.


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

 

Monday, 25 Jan, 2016 / 11:53

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

Source :

Trading news

 

FTSE dragged down as PM Boris Johnson faced a revolt – FTSE 100 Market Outlook – 27/10/2020

The FTSE 100 hit our short entry support target lower, as energy prices [...]

Posted on Tuesday, 27 Oct, 2020 / 9:27 under

Dovish ECB expectations might limit any upside potential – EUR/USD Market Outlook – 27/10/2020

The Euro bulls, once again, found support at the 1.18 level, despite major [...]

Posted on Tuesday, 27 Oct, 2020 / 9:25 under

Risk-off Sentiment

Global stock markets closed in the red on Monday, while the US dollar has [...]

Posted on Tuesday, 27 Oct, 2020 / 8:49 under