- USD/JPY to trade in the range of 131-136 if US 5Y yield moves in the range of 3.0-3.5% – SocGen
Notícias do Mercado
5 setembro 2022
USD/JPY to trade in the range of 131-136 if US 5Y yield moves in the range of 3.0-3.5% – SocGen
The USD/JPY has been correlated with the difference in 5Y rates between the US and Japan since 2021. The pair should trade in the range of 131-136 if US 5Y yield moves in the range of 3.0-3.5%, economists at Société Générale report.
Deterioration of Japan’s current account balance will lead to additional yen depreciation
“If US 5Y yield moves in the range of 3.0-3.5% in the future, USD/JPY would move in the range of 131-136 yen. However, since June, USD/JPY has been higher than the fair value calculated by the difference in 5Y rates.”
“There is a possibility that the deterioration of Japan’s current account balance will lead to additional yen depreciation.”
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal