Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    USD/JPY seen at 140.00 on a 12-month view – Rabobank

    Source Fxstreet
    Feb 22, 2024 12:28

    The Japanese Yen (JPY) is the weakest G10 currency in the year to date and USD/JPY is holding just below its November 2023 highs. Economists at Rabobank have revised their USD/JPY forecasts. 

    November high just below 152.00 to act as strong resistance

    We now see USD/JPY at 140.00 on a 12-month view compared with a previous forecast of 135.00. 

    Near-term, we expect the November high just below 152.00 to act as strong resistance of USD/JPY as the market approaches the March and April BoJ policy meetings.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    NZD/USD Price Analysis: Recovery stalls near 0.5920 as US Dollar reboundsThe NZD/USD pair struggles to extend recovery above the immediate resistance of 0.5920 in Thursday’s early American session.
    Source  Fxstreet
    The NZD/USD pair struggles to extend recovery above the immediate resistance of 0.5920 in Thursday’s early American session.
    placeholder
    USD/INR loses traction, eyes on potential RBI interventionIndian Rupee (INR) recovers some lost ground on Thursday. The INR dropped to a record low on Wednesday, weighed by the worries that escalating tensions in the Middle East could disrupt supplies and boost oil prices.
    Source  Fxstreet
    Indian Rupee (INR) recovers some lost ground on Thursday. The INR dropped to a record low on Wednesday, weighed by the worries that escalating tensions in the Middle East could disrupt supplies and boost oil prices.
    placeholder
    AUD/USD extends downside to 0.6400 as Fed seems to delay rate cutsThe AUD/USD pair slumps to near the round-level support of 0.6400 in Tuesday’s early American session.
    Source  Fxstreet
    The AUD/USD pair slumps to near the round-level support of 0.6400 in Tuesday’s early American session.
    goTop
    quote