Browsing: Daily Look

Japan’s economy remains weak. What is the outlook for USD/JPY over the medium term?

Here is their view, courtesy of eFXdata:

NAB Research discusses USD/JPY outlook and maintains a slightly bearish bias over the medium-term.

“Japans’ economic recovery remains stuck in the slow laneDeflationary pressures add to our expectations for a lower USD/JPY. A post mortem on the Q3 Tankan survey released early in October has left us comfortable with our expectations of a slow economic recovery in Japan and lower USD/JPY over the coming year,” NAB notes.

“USD/JPY now trades around the ¥105 mark suggesting exporter profits look set to remain under pressure. On its own, the collapse in profits doesn’t bode well for USD/JPY. Our medium-term view on USD/JPY sees the pair slowly but surely heading towards a lower trading range of ¥100 to ¥105 in 2021,”NAB 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 4 441