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

USD/JPY: Neutral between 107.50 - 111.00 moved by risk aversion - MUFG

Analysts from The Bank of Tokyo-Mitsubishi UFJ, point out that the USD/JPY  pair  is being driven by risk aversion rather than yield spread.

Key Quotes:

“Recent comments by Fed Chair Yellen and FOMC members supported the previous rise in USD/JPY. However USD/JPY topside has been heavy at around 111, despite growing expectations of a summer rate hike. The next rate hike alone may not be enough to support an aggressive US dollar rally.”

“Looking ahead, the non-farm payrolls figure, due Friday, may not support a renewed rise in USD/JPY. Rate hike expectations may weigh on the stock markets and USD/JPY, possibly hurting stock and commodities prices as risk aversion increases. The US labor market has tightened. Though a worse payrolls report could weigh on USD/JPY because a Fed rate hike has been well anticipated.”

 

 

 

EUR/USD intermaket: It's about the euro

EUR/USD is falling on Thursday erasing most of yesterday’s gains. Today the ECB left, as expected, monetary policy unchanged while the ADP employment
Read more Previous

USD/CAD erases daily gains after oil inventories data

USD/CAD pulled back from a 9-day high scored earlier on the day as the loonie and oil pared losses following the EIA crude oil inventories report. US
Read more Next