- Analytics
- News and Tools
- Market News
- USD/JPY to fall progressively toward 124 by year-end – ANZ
USD/JPY to fall progressively toward 124 by year-end – ANZ
The concerns of financial instability saw an influx of safe haven buying for currencies such as the Japanese Yen. Economists at ANZ Bank expect the USD/JPY pair to move gradually lower toward 124 by the end of the year.
BoJ pivot still a key focus
“In the immediate term a policy shift looks unlikely. Incoming Governor Kazuo Ueda (whose term will start from 9 April), has publicly supported ultra-loose monetary policy even before his nomination.”
“ If a policy shift does materialise, which we anticipate being after Q2 this year, the JPY will rally on more favourable yield differentials.”
“We forecast USD/JPY to fall progressively to 124 by the end of the year.”
© 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
