Economists at MUFG Bank maintain a view of gradual JPY appreciation. That is likely to play out gradually over the coming months given the clear reality – the global COVID-19 crisis has altered the outlook for the yen and reinforced the prospect of appreciation going forward. Key quotes “The best we expect an incoming Suga administration can do is to avoid substantial JPY outperformance by stressing the fact that the policies of maintaining yen weakness will remain in place. Unfortunately, the macro backdrop created by COVID-19 means that even if PM Abe had remained in office, the case for the yen remaining as weak as it has is becoming less compelling.” “The USD/JPY lows from August (105.20 on 28 August and 105.10 on 19 August) are now in sight and look set to be breached which will give this move lower in USD/JPY some added short-term momentum.” 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 OECD raises 2020 world GDP forecasts to -4.5% FX Street 1 year Economists at MUFG Bank maintain a view of gradual JPY appreciation. That is likely to play out gradually over the coming months given the clear reality – the global COVID-19 crisis has altered the outlook for the yen and reinforced the prospect of appreciation going forward. Key quotes “The best we expect an incoming Suga administration can do is to avoid substantial JPY outperformance by stressing the fact that the policies of maintaining yen weakness will remain in place. Unfortunately, the macro backdrop created by COVID-19 means that even if PM Abe had remained in office, the case for the… Top 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.
