In a video Jesper Bargmann explains why he thinks USDJPY pair will rise to 106 level by June.
Lahore, Pakistan -- (SBWIRE) -- 04/16/2014 -- In a recent Yahoo Finance article, the Head of Trading Markets for Singapore in Nordea, Jesper Bargmann predicted that the USDJPY pair will hit the 106 level by June. The increase in the US interest rates will be the trigger that is going to make USDJPY rise to the level of 106. Last year in December, USDJPY found resistance at the 105.210 level. This year USDJPY has not been able to breach this 105 level. In the beginning of April USDJPY rose to 104.115 level and rebounded from it. Right now it is trading at 102 level. In a video Jesper Bargmann explains why he thinks USDJPY pair will rise to 106 level by June. FED is bound to increase the US interest rates in order to bolster the recovery in the US economy. The rise in the US interest rates will trigger USDJPY upward push.
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