Sunday , 24 November 2024
Home Forex UBS cite fair value for USD/JPY beneath 148.00
Forex

UBS cite fair value for USD/JPY beneath 148.00

While Japanese authorities tell us not to be worried about levels, focus on the rapidity and volatility (and speculative nature) of yen moves, UBS is nominating levels to eye regardless:

  • say below 148.00 in short-term value
  • and that above 152.00 the rate is stretched

UBS cite US rates in their reasoning. Keep on eye on Japanese rates too though, the Bank of Japan meet October 30 – 31, and while no rate hike is expected there are some expectations of one at the December 18 – 19 meeting.

I was expecting some beefy intervention comments out of Japan yesterday. Nope:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB Villeroy says falling inflation allows the Bank to lower interest rates

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper,...

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...

Global Market Weekly Recap: November 18 – 22, 2024

Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...

FX Weekly Recap: November 18 – 22, 2024

Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied...