untitled design

USD/JPY: Positioning for a 145-150 trading range between now and Q1 2024 – TDS

Wide yield differentials have led to USD/JPY to revisit its 2022 high near 152. Economists at TD Securities They analyze the pair’s prospects.

Warnings of intervention in the foreign exchange market could be insufficient to signal a change in trend in the Yen

Warnings of intervention in the foreign exchange market have intensified, but could be insufficient to signal a change in trend in the Yen.

Without the BOJ exiting the NIRP, it is difficult to make a bullish case for the JPY given the fundamentals. Finance Ministry officials are likely to be buying time for the Bank of Japan and opt to ease pressure on the USD/JPY through foreign exchange market interventions as Yen weakness has become an issue. policy for the government amid rising cost of living pressures.

Positioning for a 145-150 operating range between now and Q2 2024.

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular