- Analytics
- News and Tools
- Market News
- USD/JPY set to decline toward 128 over next quarter – Rabobank
USD/JPY set to decline toward 128 over next quarter – Rabobank
USD/JPY continues to trade in a relatively tight range above 130.00 as market participants try to figure out how the Bank of Japan's (BoJ) monetary policy will be shaped when the new governor takes over. Economists at Rabobank see the pair at 128 on a three-month view.
There is likely scope for some change in BoJ policy in the coming months
“In the next few weeks, PM Kishida will nominate the next BoJ governor. This may bring its own set of surprises insofar as there is a possibility that speculators may have to accept that the outlook of the new governor may not be drastically different from the old. In our view, there is likely scope for some change in BoJ policy in the coming months. However, this may not be substantial.”
“On the assumption that the BoJ’s yield curve control policy is tweaked in the spring, we are forecasting USD/JPY at 128 on a three-month view but expect volatility around the March policy meeting given the risks that policy is again left unchanged.”
© 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
