Trader, analyst and instructor with a 6-year experience

Morgan Stanley: time to buy USD/JPY

Strategists at Morgan Stanley went long on USD/JPY yesterday, opening a position at 97.00 with a target of 106.00 and a stop at 95.75.

They believe that conditions for JPY weakness are now back in place. The BoJ has come under increasing pressure to accompany a sales tax increase with further monetary easing. 

Chart. Daily USD/JPY

Scroll to top