YEN SELLING WINDOW TO CLOSE – MUFG

avatar
· 閱讀量 49




The Yen weakened sharply in June. Economists at MUFG Bank discuss JPY outlook.

Yen looks over-extended to the downside

Japan's equity market outperformance, positive inflation in land and property prices, high and sustained household inflation expectations, and underlying inflation at a level not seen since 1981 leave every BoJ meeting as live for a surprise policy change. 

The Yen to us looks over-extended to the downside and we see a BoJ shift in YCC and a Fed pause by September helping fuel a sustained turnaround.

USD/JPY – Q3 2023 136.00 Q4 2023 134.00 Q1 2024 132.00 Q2 2024 130.00 

EUR/JPY – Q3 2023 149.60 Q4 2023 150.10 Q1 2024 149.20 Q2 2024 143.00

 


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 0

暫無評論,立馬搶沙發

  • tradingContest