USD/JPY falling below 100 remains a distant scenario - PhillipCapital UK

With FOMC shock out of the way, Ana Thaker, Market Economist at PhillipCapital UK believes that “Yellen is still in control, and the Fed should have rates by now”, as she speaks on the Central Banks, Interest Rates, and the floor for USD/JPY. Also joined by Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Alessio Rastani from LeadingTrader.

USD/JPY falling below 100 is not possible, says Thaker, and further adds that the Fed hiking in December is a likely scenario, and hence the dollar will see buying which might support the USD/JPY.

When quipped if the Bank of Japan poses a risk ahead for the view, Thaker adds that BoJ and the Japanese government have stressed that the negative rate policy is here to stay, and hence there isn’t any risk from the authorities here.

While the interest rate hike at sudden can be jolt for the stock markets, Thaker believes that any dip or market panic will likely be short-term.