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TD say still plenty of room for yen gains, see as low as 120 by the end of March

TD say still plenty of room for yen gains, see as low as 120 by the end of March

TD analysts on the yen, some broief snippets from a longer piece.

First, on monetary policy divergence between the Federal Reserve and Bank of Japan:

  • With the Fed ceding leadership on policy to the ECB and the BoJ, JPY trading bias remains asymmetric and with considerable room for gains.

Targeting:

  • We expect USD/JPY to register a 120-125 handle this quarter
  • We think rallies to 133/134 in will make for an attractive short

Meanwhile,... Read More

Posted: Jan 15 2023, 22:05
Author Name: forexlive
Views: 110231

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