- Analytics
- News and Tools
- Market News
- USD/JPY: Little chance of Yen appreciating again – Commerzbank
USD/JPY: Little chance of Yen appreciating again – Commerzbank
The Ministry of Finance (MOF) intervened at levels above 145.90 in USD/JPY last September. Concerns are increasing that the weak Yen might mobilize the MOF. Antje Praefcke, FX Analyst at Commerzbank, analyzes JPY outlook.
Bet on time?
While the US economy remains robust, which has already dampened Fed rate-cut expectations and is supporting the Dollar, I see little chance of the Yen appreciating again. On the contrary, I fear that it might ease further under these conditions unless the MOF tries to end the decline.
Perhaps BoJ and MOF are hoping that things will change once interest rates in the US begin to fall again. We, too, expect the Dollar to weaken at that point. But it will be some time before that happens. The only thing the MOF would achieve with interventions until then would be to gain some time, as in our view ‘leaning against the wind’ cannot lead to success and strengthen the Yen. It is possible that this bet on time will work. But it is uncertain.
© 2000-2025. 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
