USD/JPY has dropped back significantly from its recent highs. Economists at Rabobank analyze the pair’s outlook.
We see scope for the market to be disappointed over the pace with which the BoJ is willing to withdraw policy accommodation over the next year or so. Given also our view that the market has been too swift in pricing in Fed rate cuts next year, we see scope for USD/JPY to move back to the 150 level in the weeks ahead.
That said, we expect the currency pair to shift lower in the second half of next year on the back of Fed rate cuts and a very gradual unwind in BoJ policy accommodation.
© 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.