#USDJPY H4
#USDJPY Daily
#USDJPY Weekly
The outlook for the coming quarters given by institutional research teams is as follows:
NAB
q1 118 q2 118 q3 118 q4 120
Barclays
q1 112 q2 110 q3 108 q4 105
CIBC
q1 111 q2 110 q3 108 q4 106
Danske
q1 114 q2 114 q3 115 q4 116
UBS
122 by the end of q4
Societe Generale
q1 112 q2 113 q3 113 q4 110
ScotiaBank
q1 114 q2 114 q3 115 q4 115
DNB
q1 112 q2 112 q3 114 q4 115
BNZ
q1 115 q2 116 q3 117 q4 118
Morgan Stanley
q1 114 q2 112 q3 108 q4 105
Morgan Stanley
q1 114 q2 112 q3 108 q4 105
As far as Central Bank policy is concerned, FED will probably hike twice or three times during 2018 and BOJ none. However even a slight edging in BOJ's rhetoric towards a more hawkish stance could have a substantial effect on #JPY.
Other factors that could influence the pair are diverse and hard to predict their effect since their combination and the market state at the time will play a key role. That is why there is such diversity in the outlook given by various research teams.
No trend can be identified in the charts. However price is above long term EMAs on Daily and Weekly.
The range that the pair is expected to trade is relatively narrow.
Medium to Long term Positioning is long
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