Thursday 12 September 2013

EUR/USD & USD/JPY targets from Morgan Stanley

hello,

The last statement of Morgan Stanley we can find the targets for particular market currency pairs.

Target for EURUSD is 1.2600 The main reasons for the weakening Euro which reported the Bank is a bad situation in Italy, weak industrial production index, remaining more than 7 percent yield of 10Y Gov Portugal Bond.

The target for the USDJPY is 106.00 BOJ by Morgan Stanley strategists are increasingly "dovish".

$ 10 billion - such a cut QE at the next meeting of the Fed (17-18.09) expects Goldman Sachs - according to the latest note bank's chief economist Jan Hatzius.

regards,
oscarjp

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