- USD/JPY: Yen weakness can remain for longer – MUFG
Market news
15 tháng 1 2024
USD/JPY: Yen weakness can remain for longer – MUFG
The biggest mover amongst G10 currencies at the start of this year has been the Japanese Yen (JPY). USD/JPY higher for longer? Economists at MUFG Bank analyze the pair’s outlook.
Carry-seeking market participants likely see value in long USD/JPY
The return to carry will help support USD/JPY.
The BoJ risk to that trade looks limited for now. The escalation of geopolitical risks could also help support USD/JPY.
Higher crude oil prices are a Yen negative while increased global inflation risks may leave the Fed a little reluctant to push a dovish narrative, at least over the short-term as inflation risks could be seen to be rising.
Market Focus
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 disclaimerOpen Demo Account & Personal Page