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 19 2012, 17:00 GMT | |||||||
| A. Narczewski | 78.70 | 80.00 | 83.00 | Bearish | Bullish | Bullish | ||
| Alberto Muñoz,PhD | 80.00 | 81.50 | 85.00 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 80.06 | 80.61 | 81.63 | Bullish | Bullish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 78.00 | - | - | Bearish | ||
| Claudiu Cazacu | 79.90 | 82.00 | 83.50 | Bullish | Bullish | Bullish | ||
| Danske Research EmergingMarkets Team | - | - | 80.00 | - | - | Bullish | ||
| DBS Group Research | - | - | 78.00 | - | - | Bearish | ||
| Dr. S. Sivaraman | 80.45 | 84.32 | 91.65 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 80.10 | 80.10 | 82.85 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 77.00 | - | - | Bearish | ||
| HSBC Global Research Team | - | - | 79.31 | - | - | Sideways | ||
| ICN.com analysis team | 80.00 | 80.50 | 82.25 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 78.00 | 79.00 | 80.00 | Bearish | Bearish | Bullish | ||
| ING Global Economics Team | - | - | 77.00 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 78.00 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 79.00 | 80.50 | 80.50 | Bearish | Bullish | Bullish | ||
| Malik Khan | 80.08 | 78.71 | 77.35 | Bullish | Bearish | Bearish | ||
| Mauricio Carrillo | 80.00 | 78.50 | 78.00 | Bullish | Bearish | Bearish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 77.00 | - | - | Bearish | ||
| Rabobank Financial Markets Research Team | - | 77.00 | 78.00 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | - | 76.00 | - | - | Bearish | ||
| RBS Team | - | - | 77.50 | - | - | Bearish | ||
| Ross Yamashita | 80.50 | 83.00 | 78.00 | Bullish | Bullish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 80.00 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 79.00 | - | - | Sideways | ||
| UBS FX Research Team | - | 78.00 | 78.00 | - | Bearish | Bearish | ||
| UniCredit Research | - | - | 79.00 | - | - | Sideways | ||
| Valeria Bednarik | 78.80 | 78.00 | 80.00 | Bearish | Bearish | Bullish | ||
| Westpac Institutional Bank Team | - | - | 81.00 | - | - | Bullish | ||
| Yohay Elam | 80.00 | 80.00 | 81.00 | Bullish | Bullish | Bullish | ||
| Average | 79.68 | 80.11 | 79.92 | Bullish | Bullish | Bullish | ||
A break above 79.55 will confirm the bullih direction which became stronger after hitting SMA 100 for the first time since May, 22
It would not be surprising to see the USD supported against the JPY ahead of the Bank of Japan meeting on October 30 on expectations of more QE by the Japanese central bank.
Threats of intervention and talk about additional monetary stimulus manage to weigh on the yen, although it is unclear how far it could go.
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.
A break and hold through here should see a re-test of the April highs of 81.69 in the longer term.