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, Sep 14 2012, 17:00 GMT | |||||||
| A. Narczewski | 77.00 | 77.50 | 79.00 | Bearish | Bearish | Bullish | ||
| Alberto Muñoz,PhD | 76.60 | 75.60 | 74.00 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 76.59 | 80.52 | 81.63 | Bearish | Bullish | Bullish | ||
| Claudiu Cazacu | 78.30 | 79.40 | 80.50 | Sideways | Bullish | Bullish | ||
| Danske Research Team | - | - | 83.00 | - | - | Bullish | ||
| DBS Group Research | - | - | 78.00 | - | - | Sideways | ||
| Esteban Mora | 77.00 | 79.00 | - | Bearish | Bullish | - | ||
| Gonçalo Moreira, CMT | 78.00 | 77.00 | 76.00 | Bearish | Bearish | Bearish | ||
| ICN.com analysis team | 77.00 | 78.20 | 78.20 | Bearish | Sideways | Sideways | ||
| Ilian Yotov | 79.00 | 80.00 | 80.00 | Bullish | Bullish | Bullish | ||
| ING Global Economics Team | - | 78.00 | 80.00 | - | Bearish | Bullish | ||
| Joshua Martinez | 78.20 | 78.20 | 78.20 | Sideways | Sideways | Sideways | ||
| Mauricio Carrillo | 79.00 | 80.00 | 80.00 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | 79.00 | 82.00 | - | Bullish | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | 77.75 | 78.10 | - | Bearish | Sideways | ||
| RBC Economic Research Team | - | 76.00 | 74.00 | - | Bearish | Bearish | ||
| RBS Team | - | 79.00 | 79.00 | - | Bullish | Bullish | ||
| Ross Yamashita | 76.00 | 74.00 | 70.00 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | 78.00 | 80.00 | - | Bearish | Bullish | ||
| TD Securities Research Team | - | 78.00 | 79.00 | - | Bearish | Bullish | ||
| UBS FX Research Team | - | 78.00 | 78.00 | - | Bearish | Sideways | ||
| Valeria Bednarik | 78.80 | 78.80 | 78.40 | Bullish | Bullish | Sideways | ||
| Westpac Institutional Bank Team | - | 79.00 | - | - | Bullish | - | ||
| Yohay Elam | 78.00 | 79.00 | 81.00 | Bearish | Bullish | Bullish | ||
| Average | 77.65 | 78.18 | 78.55 | Bearish | Sideways | Sideways | ||
The USD/JPY pair has reentered its "intervention zone" between 75 and 78 yen and it would not be surprising to see the Bank of Japan stepping in with more QE and even an interevention should the greenback head lower.
USDJPY daily timeframe is too sideways to predict at this moment.
At these levels, the threat of intervention or intervention from the BOJ could keep the dollar afloat, as well as the slightly strengthening US yields.
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.
The dollaryen continues to drive lower having failed to breach 80 region and now looks set to test the floor of 2011 in the 75.76 area. Once there expect to see BOJ intervention.