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Trump & Abe in agreement at Feb 10-11 summit

How’s USD/JPY?

  • Trump confirmed “The U.S.A stands behind Japan … 100%”
  • JPY rose and fell 0.61% within 60 minutes on Friday
  • USDJPY opened with a 40-point Gap on Monday at 113.59
  • The pair had closed at 113.19 on Friday
  • Japan’s Nikkei Stock Average was up 0.6% on Monday
  • JPMorgan believes “Politics” will move USDJPY in 2017
  • In 2016 JPMorgan predicted USDJPY will go to 110

What do you think?

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