USD/JPY: Risks appear more titled to the upside in the near-term – MUFG – by MSalordFX USDJPY Currencies Banks
and they see it trading in the 128.00 – 138.00 range over the next weeks. They affirm that market attention is set to intensify again in the month ahead over potential shifts at the Bank of Japan ahead of Governor Kuroda’s final meeting.“Stronger US growth and firmer inflation at the start of the year have also provided a more solid external backdrop for USD/JPY and will make a break back below the 130.00-level a tougher nut to crack in the near-term.
need to rise even further above 5.00%, and or ii) the new BoJ governor signaling a stronger desire to leave policy settings unchanged for longer until at least a comprehensive assessment of policy has been conducted.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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