Sunday, January 29, 2023
Home Central Banks Foreign exchange Information Morgan Stanley Likes Shopping for Dips In USD/JPY, See 146 – 147 Forward Due To Greater Fed Charges | Forexlive

Foreign exchange Information Morgan Stanley Likes Shopping for Dips In USD/JPY, See 146 – 147 Forward Due To Greater Fed Charges | Forexlive

by Aude MAZOUE
0 comment
forex-news-morgan-stanley-likes-buying-dips-in-usd/jpy,-see-146-–-147-ahead-due-to-higher-fed-rates-|-forexlive

Eamonn Sheridan - WatanNews

Eamonn Sheridan

Thursday, 29/09/2022 | 22:53 GMT-0

29/09/2022 | 22:53 GMT-0

This by way of the oldsters at eFX.

For financial institution commerce concepts, check out eFX Plus. For a restricted time, get a 7 day free trial, fundamental for $79 monthly and premium at $109 monthly. Get it here.

  • “We flip bearish for JPY as soon as once more, since Japan MoFs intervention made USD/JPY cheaper in comparison with the extent what coverage divergence narrative suggests. The present US terminal price pricing is 4.6-4.7%, which is commensurate with the USD/JPY degree of 146-147,” MS notes.
  • “Given a budget USD/JPY valuation and the room for additional coverage divergence between Fed and BoJ, we see any dip for USD/JPY because of MoF intervention a very good alternative for lengthy USD/JPY. We imagine that the impression from any unilateral kind intervention could be short-lived. We re-initiate a USD/JPY lengthy place by way of choice,” MS provides.

I might say the purchase the dip in USD/JPY is just not a nasty concept in any respect! Technical analyst of us may disagree although given that massive exterior candle on intervention day. Feedback welcome.

ADVERTISEMENT – CONTINUE READING BELOW

You may also like

logo-white

Soledad is the Best Newspaper and Magazine WordPress Theme with tons of options and demos ready to import. This theme is perfect for blogs and excellent for online stores, news, magazine or review sites. Buy Soledad now!

u00a92022 Soledad, A Media Company – All Right Reserved. Designed and Developed by Penci Design

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy