USD/JPY to plummet toward 120 by year-end on a US recession – ING USDJPY Growth UnitedStates Fed Banks
USD/JPY still trades above 130. Nevertheless, economists at ING forecast the pair at 120 by the end of the year.“FX markets currently price a 30% chance that the“120 is our year-end forecast and is premised on the United States going into recession and the Federal Reserve cuttingInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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