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- USD/JPY eyes a climactic move above 125 – Westpac
USD/JPY eyes a climactic move above 125 – Westpac
With the Federal Reserve prepared to hike interest rates by 50 bps at upcoming meetings, economists at Westpac expect the USD/JPY pair to try another move above the 125 level.
Hard to imagine that we have seen the highs for USD/JPY
“With the Fed set to execute a series of 50bp moves, and commence an aggressive QT program in May, it’s hard to imagine that we have seen the highs for USD/JPY.”
“We await clearer signs that a top is in place and tend to think that we will see a final move above 125 for USD/JPY and 138 for EUR/JPY before starting to think about selling.”
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