OctaFX | OctaFX Forex Broker
साईन इन
ओपन अकाउंट
Back

Forex Flash: Bullishs persist for USD/JPY – BTMU

Bank of Tokyo Mitsubishi UFJ analysts are bullish on USD/JPY for the week ahead and see spot moving between a randge of 92.00-95.00.

They begin by noting that the BoJ will announce an unchanged monetary stance on 14th February, with market expectation in regard to the next governor and deputy governors and potential monetary policy changes have been growing. They write, “Until the inauguration of the governors, this market speculation will continue to undermine the yen. However, there is a risk that US economic data, like the retail sales report, may indicate weaker momentum in private consumption due to the tax burden increase, which could prompt a pause in dollar buying. The general election in Italy is another factor to trigger Eurozone uncertainties as the popularity of the right continues to grow. Political uncertainties in Spain have also caused bond spreads to start widening there again. Yen depreciation may come to a halt especially given the speed of recent dollar appreciation.”

Forex: EUR/NOK little changed after data

The Norwegian krone has posted no reaction after the manufacturing output in Norway rose 0.3% on a monthly basis during December, marching forecasts and bettering the previous contraction of 0.1%...
अधिक पढ़ें Previous

Forex Flash: Positive Spanish and Irish news overshadowed – OCBC Bank

Emmanuel Ng of OCBC Bank notes that the positive news flow out of Spain (debt auction) and Ireland (agreement with the ECB to reduce the debt burden) were overshadowed by Draghi’s comments yesterday and in the near term, any breach of the 1.3385 floor may risk a dip towards 1.3300.
अधिक पढ़ें Next
लाईवचैट शुरू करें