- Analytics
- News and Tools
- Market News
- EUR/JPY must hold on to 154 to avoid sliding towards the late July low of 151.50 – SocGen
EUR/JPY must hold on to 154 to avoid sliding towards the late July low of 151.50 – SocGen
EUR/JPY has lost almost 6% since late November. Economists at Société Générale analyze the pair's outlook ahead of the Bank of Japan (BoJ) meeting.
BoJ forecast to stand pat
We don’t believe the BoJ will surprise. YCC settings and the policy rate are forecast to remain unchanged. The bank’s comments on the virtuous cycle from prices to wages will be key to understanding whether it is confident on inflation moving closer to the 2% target in a sustainable and stable manner. Tweaks to the YCC or an exit from NIRP are unlikely before April in our view.
EUR/JPY must hold on to 154 to avoid sliding towards the late July low of 151.50. The 200-DMA offers support at 154.34.
© 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
