- USD/JPY: Yen will lag if current period of Dollar weakness does extend after all – ING
Market news
16 June 2023
USD/JPY: Yen will lag if current period of Dollar weakness does extend after all – ING
USD/JPY is now pushing through 141.00. Economists at ING analyze the pair’s outlook.
USD/JPY may well still bid and should remain in the lead should any US data surprise on the upside
We think there is a chance that the BoJ does tweak its policy set-up at the 28 July policy meeting, when new forecasts will be released. Until that point, however, USD/JPY may well still bid and should remain in the lead should any US data surprise on the upside.
Equally, the Yen will lag – and will continue to decline on the cross rates – if this current period of Dollar weakness does extend after all.
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