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How Would USDJPY React to a Larger Conflict in Syria?

In this week’s trading video, Bill Hubard, Chief Economist of Markets.com, gives his view on USDJPY, gold, UK interest rates and more:

  • Bill maintains his USDJPY call for ¥105.50 by the end of the 2013
  • He adds a large, and rightly cautious caveat, if there is a larger conflict then USDJPY could sink to ¥95
  • Gold could still hit $2,000, maybe not immediately, but it should continue to increase
  • The markets continue to focus on tapering
  • No one believes UK interest rates will remain unchanged until mid-2016
  • The US Fed has to think of itself as a global central bank

 

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