#USDJPY @ 134.837 to end 2023 at 125 – SocGen
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USD/JPY mostly follows US yields. Economists at Société Générale expect the pair to end the year at the 125 level.
“Day to day, the USD/JPY still tracks US yields, but Friday’s parliamentary hearings should give us a chance to gauge Governor-nominee Ueda’s views.”
“We still expect to see 2023 end with the USD/JPY at 125 and 10y Treasury yields significantly lower than today.”
See: USD/JPY to tick down toward 125 over coming months – Rabobank
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