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RBC 140 USD/JPY year end target, says higher global rates outweigh possible BOJ YCC change

RBC 140 USD/JPY year end target, says higher global rates outweigh possible BOJ YCC change
RBC says the 125 year-end median forecast for USD/JPY reflected in the most recent Bloomberg survey suggests the market is skewed to heavily one-way. “Risk in FX markets is rarely as asymmetric as this implies” RBC year-end target is the other way, at 140:says impact of higher interest rates globally will outweigh any reaction to the potential end of Bank of Japan yield-curve controlJapan’s life insurers' plans to reduce their holdings of currency-hedged foreign bonds will also weigh on the yen... Read More
Posted: Apr 26 2023, 03:32
Author Name: forexlive
Views: 102267

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