- Analytics
- News and Tools
- Market News
- USD/JPY to remain trading within the 104.00-106.50 range – Westpac
USD/JPY to remain trading within the 104.00-106.50 range – Westpac
FXStreet reports that economists at Westpac said that the 104.00/106.50 range looks set to continue for some time to come.
“We have long argued that as we moved through September into October that risk sentiment would take a hit as a widening political chasm in the US all but ruled out fiscal support for the ailing household and markets started to price in more disruption through the US election and beyond. However, for the moment, the market seems happy to be using USD/JPY to express US$ directional views rather than risk-on/ risk-off.”
“As we approach the end of the month and as the election looms front and centre, we expect to see a stronger yen coming through.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
