USD/JPY: BEARISH STANCE, EXPECT THE CROSS AT 125 IN THREE MONTHS – DANSKE BANK
BoJ tightening and valuation are expected to send USD/JPY to 125, in the view of economists at Danske Bank.
BoJ set to start to normalise monetary policy
“We look for USD/JPY to drop over the coming months on monetary tightening and valuation. We forecast USD/JPY at 125 in 3M.”
“The transition to a new monetary policy framework for the BoJ will likely be gradual starting with tweaks or an abandonment of the YCC during Q2.”
“The three largest risks for the JPY are i) sticky US inflation ii) Japanese inflation turns out to be transitory iii) rising commodity prices.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.