Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| USDJPY | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Jul 27 2012, 17:00 GMT | |||||||
| A. Narczewski | 79.00 | 78.00 | 77.00 | Bullish | Bearish | Bearish | ||
| Ani Salama | 79.00 | 78.00 | 78.00 | Bullish | Bearish | Sideways | ||
| Derek Frey, CTA | 79.00 | 82.00 | 84.00 | Bullish | Bullish | Bullish | ||
| Dr. S. Sivaraman | 79.87 | 84.32 | 87.54 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 79.00 | 77.60 | 76.70 | Bullish | Bearish | Bearish | ||
| ICN.com analysis team | 78.50 | 78.50 | 82.50 | Sideways | Sideways | Bullish | ||
| Ilian Yotov | 77.50 | 80.00 | 82.00 | Bearish | Bullish | Bullish | ||
| Joshua Martinez | 79.00 | 78.00 | 79.00 | Bullish | Bearish | Sideways | ||
| Mauricio Carrillo | 78.00 | 80.00 | 80.00 | Bearish | Bullish | Bullish | ||
| Valeria Bednarik | 79.10 | 78.00 | 80.00 | Bullish | Bearish | Bullish | ||
| Yohay Elam | 78.00 | 79.00 | 82.00 | Bearish | Sideways | Bullish | ||
| Average | 78.72 | 79.40 | 80.79 | Sideways | Bullish | Bullish | ||
Wake me up when it moves
swing and rise moves may be seen
The USD/JPY pair is making its way back to the "Intervention Zone" between 75 and 78 yen and further declines there would increase exponentially the odds of another intervention by Japanese authorities.
The USDJPY is stuck in an area of sideways. It has not made a solid move in a few months.
This stable pair doesn't have much more room to fall to.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
Next week I see the Yen losing value but it should regain ground in the next couple of weeks. BOJ interventions have not depreciated the Yen as expected and the a strong currency is hurting the economy. Should we expect another BoJ move?