2 causes (and others) Barclays nonetheless like USD/JPY

Barcl;ayus says there’s a threat of renewed yen weak spot.

Barclays’ analysts cite components contributing to this threat embody:

• Trump’s commerce insurance policies
• U.S.-Japan rate of interest differentials
• capital outflows from Japan

The analysts warning that coverage bulletins or statements made round Trump’s inauguration might strengthen the USD.

Moreover, any BOJ price hike subsequent week is basically anticipated and should even weaken the JPY if perceived as dovish.

Barclays suggests taking a tactical lengthy place on USD/JPY.

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USD/JPY replace, hourly candles:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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