USD/JPY SEEN FALLING TO AROUND 124 BY NEXT JUNE – UBS

avatar
· Views 66



The US Dollar has retreated recently against the Yen. Economists at UBS analyze USD/JPY outlook.

Same set of conditions that caused the Yen to appreciate in late 2022 are in place again

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. We also see stretched net short JPY positioning in the market – which could accelerate any move higher in the Japanese currency.

 


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest