USD/JPY: How low is too low for the BOJ? - Trade.com
Dollar-Yen pair fell below the key psychological support level of 110.00 on Tuesday and extended losses to a 5-month low of 109.34. So the 50% of the Trump Trade gains have been erased.
Bill Hubard, Chief Economist at Trade.com, talks to Mike Ingram, Strategist at BGC Partners, about the level in the USD/JPY which would force the BOJ into action. Ingram says, the drop in the USD/JPY pair represents high geopolitical risks and prospects of low growth.
Listen to the full segment for more info on-
Potential geopolitical risks ahead
French election risk
Fed’s dot plot, will the next rate hike happen in June?
The next move in the Dollar Index
What’s the FX option market is betting on - We don’t want to be holding EUR, but definitely wanting to hold Yen.
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