• USD/JPY: BoJ’s incremental steps toward policy normalization should support a recovery in the Yen – UBS

Noticias del mercado

16 febrero 2024

USD/JPY: BoJ’s incremental steps toward policy normalization should support a recovery in the Yen – UBS

The strength in the Dollar pushed USD/JPY back above 150.00. Economists at UBS analyze Yen’s (JPY) outlook.

The current entry point to buy the Yen is attractive

We think the BoJ's policy normalization remains on track this year on strong wage hike negotiations and corporate profitability. 

We maintain the view that the Japanese Yen has likely reached a turning point after significant underperformance between 2021 and 2023.

With the US-Japan 10-year yield differentials expected to narrow as the year progresses, we think the current entry point to buy the Yen is attractive.

 

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: