The Japanese Yen has fallen heavily amid a growing gulf between monetary policies at the Bank of Japan (BoJ) and Federal Reserve (Fed) but USD/JPY could rise further still during the months ahead, according to Mizuho’s FX sales desk, with implications for GBP/JPY.
March 29,2022
The Yen rebounded strongly from multi-year lows ahead of the weekend but with some recent sellers looking to book profits closer to the oft-cited ‘Kuroda line’ near 125 in USD/JPY.
March 25,2022
USD/JPY seen probing above 120.0 in near future, GBP/JPY could struggle near 2021 high at 158.23.
March 18,2022
JPY vulnerable to further EUR/JPY rally in 2022 after ECB warns inflation risk is shifting higher.
February 4,2022
The Japanese Yen remained an outperformer among major currencies at the midweek but strategists at BMO Capital Markets say it should fall to 116 against Dollar this month.
January 19,2022
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