USD/JPY SET TO DECLINE TOWARD 125 OVER THE COMING MONTHS – DANSKE BANK

21 Jan 2023, 12:51 · 閱讀量 82

The Yen saw a boost from the BoJ initiating the beginning of the end to its Yield-Curve-Control. Economists at Danske Bank expect the USD/JPY pair to edge lower towards the 125 over the coming months.

Tightening cycle commencing

“Japanese monetary policy has taken over as a key driver of USD/JPY, while global inflation, bond yields and commodity prices are still important to watch.”

“We look for a stronger JPY to come as Bank of Japan tightens monetary policy and the tightening cycle concludes in the US and Europe.”

“We now forecast USD/JPY at 128 (1M), 125 (3M), 125 (6M) and 125 (12M).”

風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。

喜歡的話，讚賞支持一下

回覆 2

暫無評論，立馬搶沙發

文章相關

Tiyas

654 Posted · 907 Followers

更多內容

Japan to connect landlocked North East with Bangladesh. "Viewing Bangladesh and other areas to the south as a single economic zone, we will promote the Bay of Bengal-Northeast India industrial value chain concept in cooperation with India and Bangladesh to foster the growth of the entire region," Kishida had said in his policy speech here last week.

Tiyas

Jubilant Food stock price down 1.26 per cent as Sensex slides. As of 31-Dec-2022, promoters held 41.94 per cent stake in the company, while FIIs held 26.77 per cent and domestic institutional investors had 14.49 per cent.

Tiyas

Saudi National Bank chair resigns in wake of Credit Suisse loss. Ammar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.

Tiyas

Banking rebound remains fragile as regulators review response to failures. Investor confidence in the banking sector remains fragile as the ECB highlights the need for greater regulatory scrutiny following recent volatility, which saw European banks weaken slightly. Bank stocks in the US, however, rose slightly, overall financial stability remaining on a solid footing despite event-triggered banking fears.

Tiyas

Trent among 6 stocks that closed above their 200 DMA. In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks closed above their 200 DMA (Daily Moving Averages) on March 27.

Tiyas