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, Nov 09 2012, 17:00 GMT | |||||||
| A. Narczewski | 79.00 | 78.50 | 81.00 | Bearish | Bearish | Bullish | ||
| Alberto Muñoz,PhD | 80.50 | 81.00 | 84.50 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 81.12 | 82.82 | 84.03 | Bullish | Bullish | Bullish | ||
| ANZ FX Strategy Team | - | - | 78.00 | - | - | Bearish | ||
| BoA FX, Rates and Commodities Team | - | - | 78.00 | - | - | Bearish | ||
| BTMU Global Markets Research | - | - | 79.00 | - | - | Sideways | ||
| Capital Economics Research Team | - | - | 75.00 | - | - | Bearish | ||
| Claudiu Cazacu | 80.20 | 82.40 | 88.50 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 80.00 | - | - | Bullish | ||
| DBS Group Research | - | - | 78.00 | - | - | Bearish | ||
| Dr. S. Sivaraman | 81.45 | 83.67 | 88.75 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 78.70 | 80.20 | 83.30 | Bearish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 77.00 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 80.00 | 79.00 | 79.00 | Bullish | Sideways | Sideways | ||
| HSBC Global Research Team | - | - | 78.00 | - | - | Bearish | ||
| ICN.com analysis team | 81.50 | 82.25 | 84.15 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 80.00 | 80.00 | 80.00 | Bullish | Bullish | Bullish | ||
| ING Global Economics Team | - | - | 77.00 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 78.00 | - | - | Bearish | ||
| Joshua Martinez | 79.00 | 79.00 | 79.00 | Bearish | Sideways | Sideways | ||
| Luc Luyet, CMT, CIIA | 78.50 | 79.00 | 80.00 | Bearish | Sideways | Bullish | ||
| Mauricio Carrillo | 80.00 | 80.00 | 82.00 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 82.00 | - | - | Bullish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 78.00 | - | - | Bearish | ||
| OCBC Treasury Research & Strategy Team | - | - | 80.10 | - | - | Bullish | ||
| Rabobank Financial Markets Research Team | - | 78.50 | 78.50 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | - | 77.00 | - | - | Bearish | ||
| RBS Team | - | - | 77.50 | - | - | Bearish | ||
| Ross Yamashita | 78.00 | 80.00 | 85.00 | Bearish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 80.00 | - | - | Bullish | ||
| Tad DeVan | 80.54 | 78.80 | 82.00 | Bullish | Bearish | Bullish | ||
| TD Securities Research Team | - | - | 79.00 | - | - | Sideways | ||
| UBS FX Research Team | - | 80.00 | 85.00 | - | Bullish | Bullish | ||
| UniCredit Research | - | - | 79.00 | - | - | Sideways | ||
| Valeria Bednarik | 78.80 | 80.00 | 82.00 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 81.00 | - | - | Bullish | - | ||
| Yohay Elam | 79.00 | 80.00 | 82.00 | Bearish | Bullish | Bullish | ||
| Average | 79.77 | 80.32 | 80.54 | Bullish | Bullish | Bullish | ||
A break above 80.35 will ease the path towards 81.50 zones followed by 82.25 regions.
It would not be surprising to see the USD supported against the JPY ahead of the Bank of Japan meeting on November 19 on expectations of more QE by the Japanese central bank.
Too sideways on the daily time frame to determine a long-term break out.
The USDJPY has been fluctuating around the significant 80 yen level vs the USD over the past few weeks. I anticipate to see this trend continue and ultimately favor the USD in the long term
The yen could make some gains on safe haven flows due to the euro-crisis, but it has a competition with the dollar on the safe haven spot.
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 are expected