Rabobank analysts see USD/JPY at 145 in three months and back to 140 and 135 in 9 and 12 months, respectively, on expectations of looser Federal Reserve policy.
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“The messages contained in the BOJ’s July policy adjustment have not been easy to decipher. The BOJ may have tried to give itself more flexibility around the YCC. However, Governor Ueda’s comments on the exchange rate may have fueled speculation that yen weakness will translate into a further rally in 10-year yields.”
“Softer-than-expected Japanese economic data this week supports the view that the BoJ will remain accommodative, and we have revised our USD/JPY forecasts higher.”
“We have revised our yen forecasts lower. We now see USD/JPY at 145 3-months, recovering to USD/JPY140 and USD/JPY 135 9- and 12-months respectively, on expectations of looser policy of the Fed.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
