Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/JPY: Quite volatile over near term, before showing clearer signs of a downtrend from mid-year – HSBC

USD/JPY will likely remain volatile over the near term. Economists at HSBC modify their USD/JPY forecasts for the upcoming quarters but maintain their year-end 2023 view of 120.

The rationale supporting JPY’s appreciation in 2023 remains intact

“We expect USD/JPY to be quite volatile over the near term because of external uncertainties; however, a stock-take of the four domestic factors – the BoJ’s policy tweak, residents’ FX hedging, current account improvement, the JPY’s ‘safe haven status’ – we believe would support the JPY suggests that the rationale remains intact, even if some developments may be taking a longer time to materialise.”

“We make some small changes to our quarterly projections for USD/JPY and leave our year-end 2023 forecast unchanged at 120.”

Source: HSBC forecasts

 

Canada Housing Starts s.a (YoY) came in at 244K, above forecasts (220K) in February

Canada Housing Starts s.a (YoY) came in at 244K, above forecasts (220K) in February
Read more Previous

EUR/JPY Price Analysis: Outsized pullback shifts the attention to the downside

The abrupt sell-off forces EUR/JPY to break below the 141.00 mark and leave behind the key 200-day SMA at 141.77 at the same time. The sharp retraceme
Read more Next