#USDJPY @ 144.667 : Downward trend to start in 2023 – MUFG
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
USD/JPY remains top-heavy just below 145. Economists at MUFG Bank expect the pair to remain supported for now. The yen is set to star its recovery next year.
“It is hard to see a turn in USD/JPY now even after intervention by the MoF.”
“The Fed and global central banks have more tightening to do while the BoJ does nothing but ease. But we suspect the Fed should be in a position to pause after December’s hike while the terms of trade shock for Japan should subside next year and could coincide with a shift of some sort by the BoJ – all factors that will help the yen recover.”
[/s2If]
Join Our Telegram Group
