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, Sep 07 2012, 17:00 GMT | |||||||
| A. Narczewski | 79.00 | 78.60 | 79.00 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 79.88 | 80.52 | 81.63 | Bullish | Bullish | Bullish | ||
| Claudiu Cazacu | 78.50 | 79.40 | 80.50 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 83.00 | - | - | Bullish | ||
| DBS Group Research | - | 76.00 | 77.00 | - | Bearish | Bearish | ||
| Esteban Mora | 78.00 | 77.00 | 77.00 | Sideways | Bearish | Bearish | ||
| GFM Research Private Limited | 78.30 | 77.90 | 77.70 | Bullish | Sideways | Sideways | ||
| ICN.com analysis team | 78.50 | 79.55 | 81.05 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 80.60 | 80.00 | 80.00 | Bullish | Bullish | Bullish | ||
| J.P. Morgan Global FX Strategy | - | 78.00 | 78.00 | - | Sideways | Sideways | ||
| Joshua Martinez | 79.00 | 79.00 | 79.00 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 78.50 | 79.00 | 80.00 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | 79.00 | 82.00 | - | Bullish | Bullish | ||
| Rabobank Financial Markets Research Team | - | 78.00 | 79.00 | - | Sideways | Bullish | ||
| RBC Economic Research Team | - | 76.00 | 74.00 | - | Bearish | Bearish | ||
| RBS Team | - | 79.00 | 79.00 | - | Bullish | Bullish | ||
| Ross Yamashita | 78.00 | 76.00 | 81.00 | Sideways | Bearish | Bullish | ||
| Scotiabank FX Strategy Team | - | 78.00 | 80.00 | - | Sideways | Bullish | ||
| TD Securities Research Team | - | 78.00 | 79.00 | - | Sideways | Bullish | ||
| Valeria Bednarik | 78.00 | 78.00 | 80.00 | Sideways | Sideways | Bullish | ||
| Yohay Elam | 80.00 | 80.00 | 81.00 | Bullish | Bullish | Bullish | ||
| Average | 78.86 | 78.35 | 79.47 | Bullish | Sideways | Bullish | ||
Renewed QE3 expectations disrupted the USD/JPY pair's move towards the top of its current range at 80.60. A move back there and a potential breakout would probably take place when the FOMC and the BoJ bring clarity on their next moves at their meetings in September.
The daily time frame is too sideways to predict a beakout.
Optimism in Europe and the US means the safety of the yen is less sought after.
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.
With a solid platform now building in the 78 area the usdjpy looks set to make gains to the upside with an initial target of resistance in the 79 to 80 region.