USD/JPY should be well supported on dips – Westpac
|Robert Rennie, Research Analyst at Westpac, suggests that they remain of the view that USD/JPY should be well supported on dips given that the Fed will (likely) raise rates in Dec and beyond plus economic momentum remains robust.
Key Quotes
“This argues for dips towards 110.50/ 111 as a good buy opportunity, though we would be cautious over the next few days given the potential for near term stock volatility.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.