- Analytics
- News and Tools
- Market News
- USD/JPY: Three reasons why the yen could start to recover – MUFG
USD/JPY: Three reasons why the yen could start to recover – MUFG
FXStreet reports that economists at MUFG bank have flipped their bias back to bearish after last month running a bullish bias.
Risk aversion escalates fuelled by a worsening of the situation in China
“We do not expect the China property uncertainty to morph into something more severe, but risk aversion will remain elevated and risks are skewed to the situation worsening over the near-term.”
Notable shift in the DOTs plot not expected
“Given the global outlook is that bit more uncertain with growth expectations being lowered and given the flow of economic data has been somewhat disappointing in the US, the FOMC is unlikely to spring another DOT shock. That could prove disappointing for those with long USD/JPY positions.”
Conditions domestically slowly begin to turn less favourable for a weaker yen
“We believe the prospect of additional fiscal stimulus is unlikely to have any great impact in weakening the yen.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
