• EUR/JPY: Gains seem likely to reverse – SocGen

Noticias del mercado

14 agosto 2023

EUR/JPY: Gains seem likely to reverse – SocGen

EUR/JPY surged to nearly 160. Economists at Société Générale expect the pair to turn back lower. 

A dovish ECB hike may keep the Euro under pressure

Since start-August, EUR/USD has been stuck below 1.10, and a last 25 bps hike to 4% is expected next month. But the ECB also reckons that Euro area core inflation has probably peaked, so a dovish hike may keep the Euro under pressure. 

With EUR/JPY heading towards 160, the bullish forces are running out of steam and gains seem likely to reverse.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: