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MUFG wary of USD/JPY rising to 145, but rule out above 150

Comments on USD/JPY via MUFG:market is already leaning towards a weaker USDWe therefore do not expect the USD/JPY to rise past 150However, the weakening of the Yen suggests that we cannot write off another sharp move higher like the rise to 145 at the end of June. In the US, we expect the Fed's interest rate hike cycle to end this year and a shift to rate cuts in 2024, while in Japan, the BoJ is moving to normalize policy and we expect it to consider further policy changes around the time that... Read More

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Mufg

Wary

Usd

Jpy

Rising

145 Rule

Above

Usd jpy

Forex

Posted: Aug 3 2023, 22:52

Author Name: forexlive

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