The fall in the value of the US Dollar, has weighed on the USD/JPY. Economists at Rabobank expect the pair to move in a 135-138 range over the next three months.

USD looks to have peaked

“We expect the outlook for USD/JPY to be mostly guided by the USD in the coming months.”

“While the USD looks to have peaked, this process could prove to be long a choppy and bring further flurries to the upside in USD/JPY in the coming months.”

“We expect USD/JPY to trade in a 135-138 range on a one to three-month view.”