TDMarkets

USD/JPY Long (Macro) Medium term

USD/JPY Long (Macro) Medium term

On January 27, 2017, Posted by , In Uncategorized, By , , With No Comments

usdjpy

We remain positive on the US dollar given the our view that the Fed is likely to raise interest rates more aggressively than what is priced in by the financial markets. In short we see the recent correction (lower) dollar healthy and an opportunity for investors to position for USD strength. This is reinforced by the fact that demand in the currency options market to hedge against the weakness in the USD has reversed

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