Key quotes “In the medium-term USD/JPY may rise, due to boosts from the vaccine surge in growth and inflation.” “But then heads lower as aggressive Fed hike bets are cut back …” “We expect no hikes until 2024, whereas markets price about three hikes before then.0” “In the second half of 2021, when we will be on the other side of the vaccine-led surge in US activity, and when Japan’s own vaccination campaign should be catching up, we expect USD/JPY to turn lower again.” “Speculative yen shorts have accumulated despite the lack of evidence of Japanese foreign bond purchases accelerating.” “A swing from longs to shorts in Q1 likely helped yen depreciation and this pressure on the currency is likely gone.” “The yen is cheap relative to longer-term valuation.” more to come … FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next XRP Price Prediction: Ripple bulls at inflection point FX Street 2 years Key quotes "In the medium-term USD/JPY may rise, due to boosts from the vaccine surge in growth and inflation." "But then heads lower as aggressive Fed hike bets are cut back ..." "We expect no hikes until 2024, whereas markets price about three hikes before then.0" "In the second half of 2021, when we will be on the other side of the vaccine-led surge in US activity, and when Japan's own vaccination campaign should be catching up, we expect USD/JPY to turn lower again." "Speculative yen shorts have accumulated despite the lack of evidence of Japanese foreign bond purchases accelerating."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
