USD/JPY will be traded along of the second half of the year between the same June levels, 95,00 to 98.00: "The Yen has strengthened again vs. the US Dollar. The two phases of strengthening within the last two weeks coincided once more exactly with those of a negative evolution of the equity markets (S&P 500). Given the lack of fundamental economic factors pointing to one or another direction for the exchange rate, we think that the Yen will continue to oscillate between USD/JPY 95 (forecast for end of month of June and September) and 98 (forecast for December).”



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Forex: USD/JPY rebounds at 96.30 rises to 96.70

FXstreet.com (Córdoba) – The rally against the Dollar eased in the last hour. USD/JPY rebounded at 96.30 rising fast to 96.70. After the opening bell at Wall Street the pair started to rise and now is trying to get back above 96.70. The next resistance lies at 97.00 (intra-day high) and above there at 97.25 (June 16 high).

According to the Erste Bank Bond Research Team, USD/JPY will be traded along of the second half of the year between the same June levels, 95,00 to 98.00: "The Yen has strengthened again vs. the US Dollar. The two phases of strengthening within the last two weeks coincided once more exactly with those of a negative evolution of the equity markets (S&P 500). Given the lack of fundamental economic factors pointing to one or another direction for the exchange rate, we think that the Yen will continue to oscillate between USD/JPY 95 (forecast for end of month of June and September) and 98 (forecast for December).”



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