• USD/JPY to reach 130 on 6/12M horizon – Danske Bank

Noticias del mercado

25 octubre 2023

USD/JPY to reach 130 on 6/12M horizon – Danske Bank

USD/JPY continues to trade close to the 150 mark. Economists at Danske Bank analyze the pair’s outlook.

Lower US yields and the global environment favour JPY

We forecast USD/JPY to reach 130 on 6/12M horizon. This is primarily because we believe that long US yields have either reached or are close to their peak, despite the upward trajectory over the past month.

In addition, historical data suggests that a global environment characterized by declining growth and inflation tends to favour the JPY. 

In the near-term, potential intervention fears will likely keep a cap on the upside risk.

 

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