- Analytics
- News and Tools
- Market News
- USD/JPY to decline gradually from mid-2024 – HSBC
USD/JPY to decline gradually from mid-2024 – HSBC
The Japanese Yen is still the worst-performing G10 currency so far this year. Economists at HSBC analyze USD/JPY outlook.
USD/JPY may hover around the current levels into year-end
We look for USD/JPY to consolidate around the current levels into year-end.
Looking to 2024, we think USD/JPY might not fall until rate cuts by the Fed look imminent, perhaps in the middle of the year.
We expect the Fed to start easing in 3Q24.
We expect the BoJ to scrap Yield Curve Control (YCC) in 1Q24 and step out of Negative Interest Rate Policy (NIRP) in 3Q24.
The anticipated policy contrast between the Fed easing and the BoJ normalising should allow USD/JPY to fall in a more sustainable way. However, considering that the yield gap will likely remain large, we only expect a moderate decline in USD/JPY.
© 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
