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, Oct 12 2012, 17:00 GMT | |||||||
| A. Narczewski | 79.00 | 80.00 | 81.00 | Bullish | Bullish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 78.00 | - | - | Sideways | ||
| Claudiu Cazacu | 79.50 | 81.40 | 83.00 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 81.00 | - | - | Bullish | ||
| DBS Group Research | - | - | 78.00 | - | - | Sideways | ||
| Dr. S. Sivaraman | 79.32 | 82.43 | 86.66 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 77.00 | - | - | Bearish | ||
| HSBC Global Research Team | - | - | 79.31 | - | - | Bullish | ||
| ICN.com analysis team | 78.50 | 78.80 | 82.25 | Sideways | Bullish | Bullish | ||
| Ilian Yotov | 78.00 | 79.00 | 80.00 | Bearish | Bullish | Bullish | ||
| ING Global Economics Team | - | - | 77.00 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 78.00 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 79.00 | 79.00 | 80.50 | Bullish | Bullish | Bullish | ||
| Malik Khan | 79.83 | 76.01 | 75.99 | Bullish | Bearish | Bearish | ||
| Mauricio Carrillo | 79.00 | 78.00 | 77.00 | Bullish | Bearish | Bearish | ||
| NAB Global Markets Research | - | - | 82.00 | - | - | Bullish | ||
| Rabobank Financial Markets Research Team | - | 77.00 | 78.00 | - | Bearish | Sideways | ||
| RBC Economic Research Team | - | - | 76.00 | - | - | Bearish | ||
| RBS Team | - | - | 77.50 | - | - | Bearish | ||
| Ross Yamashita | 77.00 | 81.00 | 84.00 | Bearish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 80.00 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 79.00 | - | - | Bullish | ||
| UBS FX Research Team | - | 78.00 | 78.00 | - | Bearish | Sideways | ||
| UniCredit Research | - | - | 79.00 | - | - | Bullish | ||
| Valeria Bednarik | 78.00 | 78.80 | 79.50 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 80.00 | - | - | Bullish | - | ||
| Yohay Elam | 79.00 | 80.00 | 81.00 | Bullish | Bullish | Bullish | ||
| Average | 78.74 | 79.25 | 79.57 | Bullish | Bullish | Bullish | ||
A break below 76.95 with a daily closing will damage bulls' hope to take the pair above 79.25 initial resistance; noting that 78.75 -SMA 100- is a very hard technical obstacle for bulls.
Should the USD give up it gains against the JPY and head lower into its "intervention zone" between 75 and 78 yen, it would not be surprising to see the Bank of Japan stepping in with another interevention.
There is a growing chance of intervention to weaken the yen towards the end of the month, like in 2011.
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.
swing and rise moves may be seen.