USD/JPY outlook: targetting 112 - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that JPY entered November at the lower end of its 2017 range.

Key Quotes:

"JPY seasonals are bearish and speculative short positioning is extended.

Widening interest rate differentials are expected to deliver continued fundamental weakness for JPY.

We hold a relatively neutral USD/JPY year-end 2017 target of 112."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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