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- USD/JPY to move downward to 116 by year-end – Credit Agricole
USD/JPY to move downward to 116 by year-end – Credit Agricole
Economists at Credit Agricole CIB Research are changing USD/JPY trading bias from buy-on-dips to a sell-on-rallies. They still forecast the pair at 116 by end-2022.
End-Q2 forecast for USD/JPY revised up from 118 to 120
"We recently revised up our end-Q2 forecast for USD/JPY from 118 to 120 and have left the remainder of our forecast unchanged. We maintain an end-2022 forecast for USD/JPY of 116.”
"We have changed our trading bias for USD/JPY from a buy-on-dips to a sell-on-rallies. We see the risks to our USD/JPY forecasts as being to the upside."
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