USD/JPY fluctuates and falls

Huitong Network2month28Daily News - Tuesday(2month28day)At the end of the Asian market, the US dollar fell against the Japanese yen in a volatile manner, with a slight increase at the beginning of the trading day and a plunge10After the remaining point, it continued to decline and has since recovered some of the decline. It is now trading on112.51frontline.

according toFX678Observation, Deutsche Bank(Deutsche Bank)The view is that the US dollar is trading at the bottom of the recent range against the Japanese yen on Wednesday, Beijing time(3month1day)10:00US President Trump will deliver a speech to Congress. The specific viewpoints are as follows.

Huitong Network pointed out that the basic view of the bank is that the adjustment trend of the US dollar against the Japanese yen will be temporarily suspended110-115Interval, but we will pay closer attention to downside risks, at least in the short term.

Deutsche Bank: Mid term still bullish on USD/JPY, expected to break through within a year120

The bank pointed out that for USD/JPY investors, the focus of Trump's congressional speech is on middle-class income tax cuts, corporate tax cuts, border tax adjustments, and the second round of the Local Investment Act.

Trump has hinted that he will soon announce his tax reform plan. If its proposal is similar to that of the Republican Party in Congress, the market may interpret it as having no novelty; If significant negotiations with Congress are required, the market may view this as difficult to implement.

Mid term still bullish on USD/JPY, expected to break through in three to six months115Within one year, it will break through120To demonstrate that Trump's policies will boost the strength of the US economy.
Japanese yenhttp://news.fx678.com/news/keywords/jpy.shtml