FXstreet.com (Barcelona) - As it is well know by FX market participants, JPY exhibits a very strong seasonality effect during August, and in view of Khoon Goh, Senior FX Strategist at ANZ Research, "we recommend going long JPY versus GBP and KRW" he says. The analyst thinks that "strong Japanese net investment inflows, at a time when FX market liquidity is thin, is the main cause for this effect." Lastly, other than GBP anf KRW, Mr. Gog adds that "JPY have also generated consistently strong gains vs INR and AUD in the past."
GBP/JPY Jun 19 at 14:37 GMT
148.78/85 (-0.21%)
H149.53 L 148.28
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
