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, Jan 25 2013, 17:00 GMT | |||||||
| A. Narczewski | 90.00 | 92.00 | 94.00 | Bearish | Bullish | Bullish | ||
| Alberto Muñoz,PhD | 91.00 | 94.00 | 98.00 | Sideways | Bullish | Bullish | ||
| Anna Coulling | 92.48 | 90.31 | 94.36 | Bullish | Sideways | Bullish | ||
| ANZ FX Strategy Team | - | - | 86.00 | - | - | Bearish | ||
| BoA FX, Rates and Commodities Team | - | - | 85.00 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 92.00 | - | - | Sideways | ||
| Claudiu Cazacu | 91.70 | 91.50 | 94.00 | Bullish | Sideways | Bullish | ||
| Danske Research Team | - | 91.00 | 93.00 | - | Sideways | Bullish | ||
| DBS Group Research | - | - | 84.00 | - | - | Bearish | ||
| Dr. S. Sivaraman | 93.66 | 98.56 | 101.23 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 87.00 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 89.50 | 84.50 | 89.50 | Bearish | Bearish | Bearish | ||
| Gus Farrow | 89.50 | 95.00 | - | Bearish | Bullish | - | ||
| HSBC Global Research Team | - | - | 85.00 | - | - | Bearish | ||
| ICN.com analysis team | 89.00 | 90.50 | 95.00 | Bearish | Sideways | Bullish | ||
| Ilian Yotov | 87.00 | 90.00 | 90.00 | Bearish | Bearish | Sideways | ||
| ING Global Economics Team | - | - | 90.00 | - | - | Sideways | ||
| J.P. Morgan Global FX Strategy | - | - | 88.00 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 91.50 | 94.00 | 95.00 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 92.00 | 94.00 | 95.00 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 86.00 | - | - | Bearish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 81.00 | - | - | Bearish | ||
| Nomura FX Research & Strategy | 89.00 | - | - | Bearish | - | - | ||
| Rabobank Financial Markets Research Team | - | 85.00 | 84.00 | - | Bearish | Bearish | ||
| RBS Team | - | - | 82.90 | - | - | Bearish | ||
| Richard C. Lee | 86.00 | 86.00 | 85.00 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 85.00 | - | - | Bearish | ||
| TD Securities Research Team | - | - | 88.00 | - | - | Bearish | ||
| UBS FX Research Team | - | - | 88.00 | - | - | Bearish | ||
| UniCredit Research | - | - | 90.00 | - | - | Sideways | ||
| Valeria Bednarik | 92.50 | 94.00 | 91.00 | Bullish | Bullish | Sideways | ||
| Westpac Institutional Bank Team | - | 86.00 | - | - | Bearish | - | ||
| Average | 90.35 | 91.02 | 89.55 | Sideways | Sideways | Sideways | ||
one sided rise moves are expected.
A significant price correction of the USD gains vs. JPY is long overdue and will start as soon as the market has fully priced in all expectations of future policies by the Japanese government and the Bank of Japan.
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.
Bullish intent for the usdjpy shows no sign of abating, just yet, as the pair surged through 90 last week and on towards the 91 price point. It is interesting to note that on the weekly chart each of the last three weekly candles have posted with deep wicks to the underside suggesting further strong bullish momentum. The only difficulty ahead is now a deep area of price congestion between 92 and 94.50, last seen in 2010.