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

Forex Flash: Could JPY revert to worlds key funding currency? – UBS

FXstreet.com (Barcelona) - The BoJ's role in monetary easing cannot be understated. As it will be the main source of liquidity provision (OMT pending) when/if the Fed steps back, the JPY could even revert to the status of the world's key funding currency. According to Research Analyst Gareth Berry at UBS, “This could happen in two forms: firstly, Japanese investment flows would once again head overseas in size - shifts global markets are already heavily anticipating.”

Moreover, if the JPY is to be an outright financing currency for capital flows and trade flows - another shift the Japanese government appears to be pushing for - the much feared exit economic impact of dollar-based investors heading for the exit could yet be delayed. This point may be good for asset prices and short-term sentiment, but in the long-term the BoJ might actually be doing their Asian neighbors a disservice. Last Thursday, China's State Administration of Foreign Exchange already warned that the yen's sharp decline could prove destabilizing.

Forex: USD/CAD tests the 1.0200

The US dollar is trading higher today against its Canadian counterpart and after rising around 45 pips from intra-day low at 1.0155 reached in the European session, the pair USD/CAD has broken above the 1.0180 level and tested the 1.0200 frontier.
Read more Previous

Fundamental Afternoon Wrap: JPY tops focus this afternoon

This afternoons institutional research has a narrower and more retrospective focus, most probably due to the quiet calendar and lack of upcoming "scheduled" risk events. JPY is is main focus, but an eye is being kept on the simmering Portuguese situation too.
Read more Next