E-mail:    

● JPY – On the widespread correction of the dollar, the yen also hit a new high for 2017 at USD/JPY 110.11. Supports in this area are very solid, although in the very near term upside risks will continue to prevail on the yen. Beyond the near term, the outlook for the yen contemplates a new decline, in function of the widening of yields spreads as the Fed keeps hiking rates, while the BoJ pursues its curve control strategy.

MAJORS, New Record, Highs and Lows, Fundamental Analysis, fx trader, forex table-1

MAJORS, New Record, Highs and Lows, Fundamental Analysis, fx trader, forex table-2

MAJORS, New Record, Highs and Lows, Fundamental Analysis, fx trader, forex table-3

Source: Thomson Reuters and Intesa Sanpaolo elaborations

Asmara Jamaleh
Economist – Forex Markets

Intesa Sanpaolo Research Department

<<Previous