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20 May 2015

USD/JPY: Bullish for 124 handle - BAML

FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch reiterated their bullish view on USD/JPY.

Key Quotes:

"Evidence continues to say that the contracting range of the past 4+ months is drawing to a conclusion and the long-term uptrend is set to resume for 124.59, ahead of 128.45."

"Below 118.33 invalidates this view and points to continued range-trading. Those awaiting additional price confirmation should watch for a break 120.86 (Apr-13 high)."

"We recommend adding to long positions on a break 120.86."

May 20, 2015

Latam FX remains vigilant on the FOMC – Scotiabank

Eduardo Suarez, Chief FX Strategist at Scotiabank, reviewed the recent performance of the Latam FX space...

GBP/JPY testing 2015 highs

The pound resumed the upside against the yen and managed to climb above 188.00. GBP/JPY is testing 2015 highs that lie around the 188.60 zone.