- USD/JPY: Any Yen selling over the near-term is unlikely to be sustained – MUFG
Notícias do Mercado
11 dezembro 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.
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