USD/JPY WILL BE TRADING A LOT LOWER BY THE END OF THE YEAR

21 May 2023, 16:45 · 閱讀量 87

ING’s year-end target for USD/JPY now sits at 120.

137/140 should be best levels for a while

“USD/JPY continues to frustrate dollar bears such as ourselves. Neither has the risk environment deteriorated enough nor has US disinflation been strong enough to send USD/JPY sharply lower. However, the US credit crunch makes a recession there more likely, and we have a conviction call that USD/JPY

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USD/JPY WILL BE TRADING A LOT LOWER BY THE END OF THE YEAR – ING

137/140 should be best levels for a while