In the opinion of ING economists, USD/JPY should continue to fall throughout the year. Your goal is 120.
The BoJ is back in the spotlight
“The Bank of Japan is getting much more attention now than it was years ago. The most urgent thing is the replacement of Governor Haruhiko Kuroda, who leaves office in April. The successor will be presented to Parliament on February 10. The favorite, Lieutenant Governor Masayoshi Amamiya, is considered the moderate candidate for continuity.“.
“Any surprise pick of hawkish Hiroshi Nakaso could likely send yen much strongerwith pressure for 10-year JGB yields to break out above their current ceiling of 0.50%.”
“He USD/JPY has been mainly boosted by dollar weakness, but 120 looks like the target for this yearhelped by the Bank of Japan and the drop in energy prices.”
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.
