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JP Morgan forecasts USD/JPY to as high as 155 before meaningful BOJ FX intervention

JP Morgan Asian market analyst says that the potential high for USD/JPY in 2023 is around ¥152, and in 2024 to ¥155 .Citing familiar points, most notably divergent monetary policy between the US Federal Reserve and the Bank of Japan, which has lead to a huge yield differential between the USD and yen, a differential that continues to widen. Says the BOJ is not able to do much about this given its holding rates negative to encourage inflation while the Fed is the opposite. As for intervention to... Read More

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Posted: Sep 7 2023, 20:34

Author Name: forexlive

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