- Analytics
- News and Tools
- Market News
- USD/JPY to aim the 150 mark over the course of the week – Commerzbank
USD/JPY to aim the 150 mark over the course of the week – Commerzbank
Due to the many central bank meetings, once again the key question this week is: who is doing most? In the opinion of economists at Commerbznka, it is totally clear who is going to do the least or take the most insignificant action, the Bank of Japan (BoJ). Thus, USD/JPY is set to test the 150 level.
Yen to be the weakest currency this week
“The BoJ will continue to stick to its expansionary monetary policy and not send out any signals pointing towards normalisation. On the contrary, the prospect of weaker growth for the global economy and the fact that the inflation rates might possibly have exceeded their peaks over the coming months might confirm the BoJ in its approach. That is also why I see the yen to be the weakest currency this week.”
“I can imagine very well that USD/JPY will be aiming for the 150 mark over the course of the week, above all if the Fed were to remain extremely restrictive again.”
© 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
