A quick view about GBP, USD and JPY.
- GBP: Economic data: CPI flat and near to deflation, unemployment rate continue to improve. Monetary Policy stance is neutral. Risk ahead: uncertain about the General elections on May 7th and worry about deflation.
- USD: is consolidating after seri of weak economic data and uncertain about time to start rate hike!
- JPY: After QQE, it seems that BOJ is waiting for more signal from economic data before make decision. Question for market is what is the parity for USDJPY: 105; 120 or 125?
See three charts below to follow fundamental, everything can happen in the future
My opinion: GBP bearish; USD bearish or neutral and JPY neutral or bullish!
- GBP: Economic data: CPI flat and near to deflation, unemployment rate continue to improve. Monetary Policy stance is neutral. Risk ahead: uncertain about the General elections on May 7th and worry about deflation.
- USD: is consolidating after seri of weak economic data and uncertain about time to start rate hike!
- JPY: After QQE, it seems that BOJ is waiting for more signal from economic data before make decision. Question for market is what is the parity for USDJPY: 105; 120 or 125?
See three charts below to follow fundamental, everything can happen in the future
My opinion: GBP bearish; USD bearish or neutral and JPY neutral or bullish!