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2 Nov 2015
USD/JPY: 125 could be tested on good US data - DB
FXStreet (Guatemala) - Analysts at Deutsche Bank offered a snapshot of an insight to USD/JPY.
Key Quotes:
"We believe the USD/JPY will remain in a narrow range around 120 for now. If US statistics remain firm and a rate hike seems likely in December, the rate could test 125."
"We should prepare for turmoil in risk markets after the first rate hike and believe the USD/JPY is unlikely to rise unremittingly.'
"However, if multiple rate hikes appear likely in 2016, we believe the USD/JPY should gradually come into a range of 125-128."
Key Quotes:
"We believe the USD/JPY will remain in a narrow range around 120 for now. If US statistics remain firm and a rate hike seems likely in December, the rate could test 125."
"We should prepare for turmoil in risk markets after the first rate hike and believe the USD/JPY is unlikely to rise unremittingly.'
"However, if multiple rate hikes appear likely in 2016, we believe the USD/JPY should gradually come into a range of 125-128."