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JPY's structural headwinds; where to target? - BofA

JPY's structural headwinds; where to target? - BofA

Bank of America Global Research discusses the JPY outlook and maintains a bearish bias targeting USD/JPY around 138 this summer.

"Our discussions with investors indicate the market's interest in USD/JPY has been skewed to the downside - at least until very recently - as the slowdown in the Fed's rate hikes has coincided with rising speculation over the BoJ's potential shift away from ultra-dovish monetary policy," BofA notes.

"While USD/JPY's upside may be capped near-term wit... Read More

Posted: Feb 16 2023, 19:36
Author Name: forexlive
Views: 082268

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