USD/JPY seen easing to 140.00 in H2 – Scotiabank
Source Fxstreet
The Japanese Yen (JPY) continues to languish. Economists at Scotiabank analyze USD/JPY outlook.
A rapid move higher in the JPY is possible
We forecast USD/JPY easing to 140.00 in H2. This is predicated primarily on the USD responding negatively to easier Fed monetary policy.
The onerous carry makes long JPY positions prohibitive unless market participants feel the JPY is poised to rally strongly and in quick order.
A rapid move higher in the JPY is possible – but perhaps only once traders are convinced that a Fed policy pivot is imminent.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Where is the Bitcoin bottom? Can you buy the dip now? Cathie Wood suggests swapping gold for Bitcoin.On Tuesday (February 3), panic in the crypto market eased as Bitcoin ( BTC) prices reb
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Bitcoin prices briefly fell below $75,000, hitting a new 10-month low, though the probability of continued short-term downside remains low.On Monday (February 12), the cryptocurrency mark
Bitcoin price targets remain bearish as it struggles near multi-month lows, influenced by historical bear market trends.
Related Instrument
