FW: [Maybank] JPY – Tailwinds Supportive

 

 

JPY – Tailwinds Supportive FX Flash by Saktiandi Supaat FX Research The JPY has come under upside pressure on tailwinds from safe-haven plays, political uncertainty in Italy that weighed on the EUR and market expectations of BOJ exiting its monetary stimulus in FY2019. Though these concerns have eased somewhat, we cannot rule out that the threat to risk sentiments and global trade will re-emerge. Thus, bouts of risk aversion are likely to keep the JPY supported. In the next one to three months, we expect the USDJPY to hover around the 107-108 levels ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.