• USD/JPY: Any Yen selling over the near-term is unlikely to be sustained – MUFG

Noticias del mercado

11 diciembre 2023

USD/JPY: Any Yen selling over the near-term is unlikely to be sustained – MUFG

USD/JPY dropped a large 2% last Thursday for the biggest one-day drop since January. Economists at MUFG Bank analyze Yen’s outlook.

Any near-term renewed JPY selling will not last

The JPY move last week is likely to be a key marker that signals a turn in the trend of JPY depreciation, in place since the global inflation shock saw USD/JPY break sharply higher in March 2022.

We don’t see a BoJ hike this month but any JPY selling over the near-term is unlikely to be sustained given the changes in the global macro backdrop.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: