#USDJPY @ 136.800 : Yen to strengthen over the medium-term, patience required – HSBC
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Economists at HSBC analyze the USD/JPY outlook. The pair is expected to move downward in the medium-term.
“We remain bullish on the JPY over the medium-term, but suspect some patience will be needed for the currency to enjoy some independent strength courtesy of the Bank of Japan (BoJ).”
“For now, USD/JPY will likely remain driven by US developments where we see the balance of risks skewed to USD weakness.”
See: USD/JPY set to test the 120 level into year-end – CIBC
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