Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Long USD/JPY for next leg higher towards 130 levels – SG

FXStreet (Barcelona) - Kit Juckes of Societe Generale, sees further upside potential for USD/JPY as pressure for renewed easing is likely to build higher, anticipating a move towards 130 levels.

Key Quotes

“The Japanese trade data improved as imports fell sharply (by 14.5% y/y, while exports roise by 8.5% y/y. Return to surplus driven y collapsing imports is hardly encouraging for the economy though…..import volumes are down 0.8% in the last 3 months y/y which is less awful, though it's still soft. Export volumes are up 5% y/y.”

“The upward momentum in export values is modest, and import growth is still in a downtrend, so the underlying picture still shows how modest the effect of a huge yen depreciation has been on trade (and the economy).”

“It's going to take a long time for structural reforms to bear fruit and as the boost to exporters' profits and to inflation expectations fades, pressure for renewed monetary easing will build.”

“USD/JPY may be stuck in a range, and clearing out yen shorts may yet trigger a spike lower, but somehow, we want to get long USD/JPY for the next leg up towards 130.”

EUR/GBP: range play continues

The EUR/GBP pair trades at 0.7188 as the gains were once again capped above 0.72 due to the ongoing Greece issue. The pair has been stuck in the range of 0.7220-0.7160 since mid April.
Read more Previous

EUR/USD: Weak German bond yields caps gains

The shared currency is feeling the heat of fresh signs of weakness in German bond yields, pushing the EUR/USD pair lower to 1.0750 from the session high of 1.0773.
Read more Next