- Analytics
- News and Tools
- Market News
- USD/JPY: End-Q2 forecast adjusted from 128 to 134 and end-2023 forecast from 122 to 128 – Crédit Agricole
USD/JPY: End-Q2 forecast adjusted from 128 to 134 and end-2023 forecast from 122 to 128 – Crédit Agricole
Economists at Crédit Agricole have revised their USD/JPY forecasts higher following Yen’s weakness in the second quarter.
Surprised by the JPY’s weakness during Q2
“The peak in the Fed Funds rate and the potential of the US economy falling into recession may put downward pressure on USD/JPY. High US rates also risk causing further difficulties for US regional banks, which may bring back a safe-haven bid for the JPY.”
“We are surprised by the JPY’s weakness during Q2. As a result, we revise higher our USD/JPY forecasts, adjusting the end-Q2 forecast from 128 to 134, and the end-2023 forecast from 122 to 128.”
© 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
