Wow ... plenty of yen bull analysis around the place.
I was just checking through eFX and saw 3 separate pieces from 3 different banks on the yen.
You can get all the info from eFX, here, but, in brief:
Bank of Tokyo Mitsubishi UFJ:
- The main focus this week ahead for the yen will be the upcoming meeting scheduled on the 10th February between President Trump and Prime Minister Abe. ... The meeting poses some upside risk for the yen which would be sensitive to any further criticism of the BoJ's loose monetary policy.
- Yield on the 10-year JGB remains under upward pressure in the near-term
--
Citi - FX Technical Strategy
- USDJPY looks like it has topped out similar to how it did after the Fed started hiking rates in 1999.
- We have set lower lows in the trend in each of the past seven weeks and a continuation of the correction lower should see us test support around 108.90-109.66 where the 55 and 200 week moving averages converge.
--
FX Strategy - Deutsche Bank
- In the near-term, we see dollar/yen as likely to trade back and forth between in low-110s level. We also cannot necessarily rule out the risk of the yen falling to 110 or below during the current adjustment.
