Bank of Americal Merril Lynch: Short USD/JPY again

The Bank of Americal Merril Lynch analyst recommend USD/JPY long position on risk on sentiment

  • “It is time to go long JPY again.  Short USDJPY and short EURJPY were two of our top year ahead trades.  Both trades did very well during the market sell-off in late December and early January, but JPY weakened again during the risk-on in recent weeks.”
  • “If we see a market correction in the weeks again, JPY should appreciate again. Eurozone data remains weak and the short-term risks will keep the Fed dovish for  now.”

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.

Feed news