USD/JPY seen falling to around 124 by next June – UBS USDJPY BOJ Fed Banks
We believe the latest bout of dollar weakness is a sign of things to come, and we see the USD/JPY pairing falling to around 124 by next June.
The same set of conditions that caused the Yen to appreciate in late 2022 are in place again. Even though we cannot rule out near-term spikes in the pairing above 145 so long as the Fed remains hawkish and the BoJ stays dovish, we believe any further Dollar strength would be short-lived. As in late 2022, we expect a moderation in US economic data and an adjustment in BoJ's yield-curve control policy.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY falls to its lowest level since mid-June ahead of US CPIOn Tuesday, the USD/JPY continued to lose ground amid the broad USD weakness. Ahead of the release of Consumer Price Index (CPI) data, investors expec
Leer más »
Cracks Emerge in Japanese Yen’s Downtrend; USD/JPY, CAD/JPY, MXN/JPY Price SetupsThe Japanese yen looks set this week to shed some of its gains against some of its peers, but cracks are starting to emerge in the Japanese currency’s broader downtrend that could limit any weakness. Read JaradiManish 's analysis here 👇
Leer más »
USD/JPY: Two scenarios for the Yen, levels around 160 can be imaginable – CommerzbankUlrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, imagines mainly two scenarios for the Yen. USD/JPY levels in the area of 160? One
Leer más »
USD/JPY: Room for the Yen to rebound sharply if YCC is adjusted – MUFGEconomists at MUFG see as more likely than not that the BoJ will shift its policy by altering the current YCC framework. Therefore, USD/JPY is set to
Leer más »
USD/JPY finds cushion near 142.00 as USD Index rebounds ahead of US InflationThe USD/JPY pair has sensed an intermediate cushion around 142.00 in the late London session. The asset has picked some strength as the US Dollar Inde
Leer más »
USD/JPY slumps amid falling US bond yields, JGB’s yields riseThe Japanese Yen (JPY) remains the strongest currency as the North American session begins, gaining 0.27% against the US Dollar (USD), as the USD/JPY
Leer más »