- EUR/JPY to fall back below 150.00 level by early next year – MUFG
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11 tháng 12 2023
EUR/JPY to fall back below 150.00 level by early next year – MUFG
The EUR has weakened sharply since the end of last month. Economists at MUFG Bank analyze Euro’s outlook.
Room for EUR to weaken further especially vs. JPY
Weak fundamentals make it harder for ECB to push back against market expectations for earlier and deeper rate cuts next year.
We expect the EUR to continue trading on a softer footing in the near-term.
We expect EUR weakness to be more pronounced against the JPY resulting in EUR/JPY falling back below the 150.00 level by early next year.
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