- Analytics
- News and Tools
- Market News
- USD/JPY to enjoy considerable gains towards 115 by end-2023 - Westpac
USD/JPY to enjoy considerable gains towards 115 by end-2023 - Westpac
FXStreet reports that in the view of economists at Westpac, the outlook for the Japanese yen is bleak. They see USD/JPY at 111 by year-end and at 115 by end-2023.
“Japan is one of very few developed nations globally that, come the end of 2022, is expected to still be struggling to get GDP back above its pre-pandemic level.”
“Despite the effect of global supply disruptions on consumer prices, annual inflation is presently negative and unlikely to break above 1.0%yr sustainably, let alone challenge the Bank of Japan's 2.0%yr target anytime soon.”
“The JPY is expected to underperform the USD as the latter falls to March 2022, and then decline further to the end of 2023 as the US dollar appreciates. At that time, we see USD/JPY at 115 versus its spot level of 110 and end-2021 forecast of 111.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
