#USDJPY @ 134.938 could hit the 136/137 area over the next couple of weeks – ING
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USD/JPY squeezes around 134.70. Economists at ING believe that the pair could surge higher toward the 136/37 zone in the next few weeks.
“Our view is that this corrective Dollar bounce could carry the USD/JPY pair up to the 136/137 area over the next couple of weeks.”
“But assuming that we are correct with the US disinflation story dominating again in the second quarter of 2023, USD/JPY should be back towards 125/126 into the summer.”
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