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.
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| USDJPY | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Aug 24 2012, 17:00 GMT | |||||||
| A. Narczewski | 78.50 | 79.00 | 80.00 | Sideways | Bullish | Bullish | ||
| Bijoy Kar | 78.00 | 79.00 | 76.00 | Bearish | Bullish | Bearish | ||
| DBS Group Research | - | 76.00 | 77.00 | Sideways | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 79.50 | 78.00 | 77.00 | Bullish | Bearish | Bearish | ||
| Gregor Horvat | 79.00 | 77.00 | 81.00 | Bullish | Bearish | Bullish | ||
| ICN.com analysis team | 78.20 | 78.20 | 81.05 | Bearish | Bearish | Bullish | ||
| Ilian Yotov | 80.60 | 80.00 | 80.00 | Bullish | Bullish | Bullish | ||
| J.P. Morgan Global FX Strategy | - | 78.00 | 78.00 | Sideways | Bearish | Sideways | ||
| NAB Global Markets Research | - | 96.00 | 92.00 | Sideways | Bullish | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | 77.60 | 78.17 | Sideways | Bearish | Sideways | ||
| RBC Economic Research Team | - | 76.00 | 74.00 | Sideways | Bearish | Bearish | ||
| Ross Yamashita | 77.00 | 79.00 | 82.00 | Bearish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 78.00 | Sideways | Sideways | Sideways | ||
| TD Securities Research Team | - | - | 78.00 | Sideways | Sideways | Sideways | ||
| Valeria Bednarik | 78.40 | 77.60 | 80.00 | Bearish | Bearish | Bullish | ||
| Wells Fargo Research Team | - | - | 80.00 | Sideways | Sideways | Bullish | ||
| Westpac Institutional Bank Team | - | 79.00 | 80.00 | Sideways | Bullish | Bullish | ||
| Yohay Elam | 78.00 | 80.00 | 81.00 | Bearish | Bullish | Bullish | ||
| Average | 78.58 | 79.36 | 79.62 | Sideways | Bullish | Bullish | ||
A break below 77.95 (76.4% Fib.) will actuate bears to keep their short positions
As long as the U.S. economy improves and the Fed refrains from announcing QE3, the USD should revisit the parity level against the CHF.
QE3 expectations weigh on the pair for now.
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.
Pair is sideways, forming a traingle pattern. Expect more sideways before break lower occurs.