Via Bloomberg comes remarks from Mizuho Americas on USD/JPY, looking for it trade as high as 155 in the first quarter of next year.
Citing ongoing very loose monetary policy from the Bank of Japan. Given this USD/JPY won’t move lower until their is a shift from other DM central banks and the US dollar weakens.
- “The biggest issue for Japanese authorities is to find out when the Fed is done”
- “You have higher-than-expected US growth, and you have a Fed that you don’t know whether is done hiking. All of those things are very unfortunate for the Bank of Japan”
This article was written by Eamonn Sheridan at www.forexlive.com. Source