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EUR/JPY has pushed back up to 150. Economists at ING analyze the pair’s outlook.
Any signs of US disinflation would allow risk assets to stay bid for longer, keeping EUR/JPY bid.
For the ECB, we and the market look for two more 25 bps hikes (June and July) taking the deposit rate to 3.75%. Our team also looks for the first ECB cut in 2Q24.
Unless some financial crisis emerges, it now looks like EUR/JPY can stay stronger for longer. Alternatively, some independent BoJ tightening would have to be the bearish game changer here.
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。

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