Barclays notes that GBP/JPY and USD/JPY could move forward on the Forex in the short term.
«Carney may indicate this week that this rate hike the BoE is the first of a cycle of gradual normalization, this should support the GBP on the Forex. The selection of Taylor Trump as a candidate for the presidency of the Fed, as President or Vice-President could steer the Fed towards a more hawkish tone, supporting the USD.
On the other hand, the BoJ is expected to keep its policy unchanged and revised down its inflation forecasts.
The divergence of monetary policy could thus advance GBP/JPY and USD/JPY. «
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Forex (Barclays) : The bank recommends buying GBP and USD against JPY this week
Forecasts EUR/USD and trading strategy for the week of October 30, 2017
EUR/USD : The Euro Dollar remained steady intraday but the rebound remains limited
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Options Forex that will expire on Monday 30 October
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