Browsing: Daily Look

What is the outlook for USD/JPY by year-end?

Here is their view, courtesy of eFXdata:

MUFG Research discusses USD/JPY outlook and sees the pair in a tight range with a downside tilt through 105 level by year-end.

“With the global economy and global yields set to move higher relative to Japan, on a trade-weighted basis at least, the yen should weaken further. But a factor that is likely to limit yen depreciation over the medium term remains the relative attractiveness of real yields in Japan. The inability of the BoJ to implement further notable monetary easing leaves inflation expectations more subdued in Japan,” MUFG notes.

USD/JPY is likely to move in a tighter range than other G10 currencies reflecting offsetting forces on current account and capital account flows and assuming a gradual rather than a sharp move higher in global yields,” MUFG adds.

For lots more FX trades from major banks, sign up to eFXplus

By signing up for eFXplus via the link above, you are directly supporting Forex Crunch.

Get the 5 most predictable currency pairs


A daily forex forecast for the upcoming events of the day that will impact forex trading ► These forex outlooks are published daily.

1 2 3 463