USD/JPY: Strong Japanese Yen not expected to continue – MUFG

Analysts from The Bank of Tokyo-Mitsubishi UFJ, expect the USD/JPY pair to trade around 110 over the next quarters. 

Key Quotes: 

“In April, the JPY remained at around JPY 111 against the USD; however, it is currently at around JPY 108 per USD owing to risk aversion brought about by additional tariffs imposed on goods between the US and China and the announcement by the US that it would also introduce tariffs against Mexico.”

“This strong JPY is not expected to continue, despite some fluctuation caused US trade policy, due to the continuation of a certain gap between Japanese and US interest rates. The JPY will trade at around JPY 110 per USD.”


Articles You May Like

How to Draw Forex Support and Resistance: Forex Trading Strategies 👍
NZD/USD risk reversals hit highest since January 2018 on falling demand for Puts
Forex For Beginners PART 2: How to use Metatrader 4 Trading Platform
Reminder: Von der Leyen vote for European Commission presidency set for tomorrow
China press: PBOC rate cut cannot be rule out – Global Times

Leave a Reply

Your email address will not be published. Required fields are marked *