According to BBH strategists, USD/JPY is expected to rise above its current range of 151,000 points.
The fundamental catalysts are the combination of a very gradual tightening of the BoJ and a more moderate than expected Fed easing cycle.
USD/JPY falls due to Ueda – will end up rising
“USD/JPY fell more than 0.50% to an intraday low around 150.80 following BoJ Governor Ueda's hawkish comments.”
“The verbal defense over the yen continues, as both Japanese Finance Minister Suzuki and Prime Minister Kishida warned against excessive movements in the yen.”
“It is only a matter of time before USD/JPY breaks higher as we anticipate a gradual BoJ tightening process and a more moderate than expected Fed easing cycle.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
