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BofA: USD/JPY dips to remain shallow; three reasons for targeting 147 by September

BofA: USD/JPY dips to remain shallow; three reasons for targeting 147 by September
Bank of America (BofA) outlines three primary reasons why dips in the USDJPY exchange rate are likely to be both shallow and short-lived. Despite the Bank of Japan's (BoJ) recent adjustments to its Yield Curve Control (YCC), BofA maintains its expectation for USDJPY to rise to 147 by September.Key Points:Unlikely Capital Repatriation: BofA does not foresee Japanese investors repatriating capital in the current fiscal year due to the recent YCC tweaks. This lack of repatriation is attribute... Read More
Posted: Aug 4 2023, 19:54
Author Name: forexlive
Views: 080790

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