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BofA targets USD/JPY at 147 by September

Bank of America has provided insights into its outlook on the Japanese yen, highlighting the potential risk of a third phase of yen weakening in 2024.Key Takeaways:BofA's Bearish Stance on Yen: BofA has been bearish on the Japanese yen and expects the USD/JPY pair to remain high due to carry-trade, forecasting it to reach 147 by September, compared to a consensus of 134.Potential Correction in 2024: The bank does align with the consensus view that the USD/JPY may undergo a correction in 2024 due... Read More

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Posted: Jun 28 2023, 18:57

Author Name: forexlive

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