USD/JPY seen at 145 on a 3-month perspective – Rabobank – by MSalordFX USDJPY Banks Currencies
pair at 145 on a 3-month view and then pulling back to 140 and 135 in 9 and 12 months, respectively, on the back of expectations of softer Federal Reserve policy.“The messages contained within the BoJ’s July policy adjustment have not been easy to decipher. The BoJ may have been attempting to give itself more flexibility around YCC. However, Governor Ueda’s comments on the exchange rate may have encouraged speculation that JPY weakness will result in more upside in 10 yr yields.
“We have revised down our forecasts for the JPY. We now see USD/JPY at 145 on a 3-month view, recovering to USD/JPY140 and USD/JPY 135 in 9 and 12 months respectively on the back of expectations of softer Fed policy.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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