USD/JPY seen at 140.00 on a 12-month view – Rabobank
Source Fxstreet
The Japanese Yen (JPY) is the weakest G10 currency in the year to date and USD/JPY is holding just below its November 2023 highs. Economists at Rabobank have revised their USD/JPY forecasts.
November high just below 152.00 to act as strong resistance
We now see USD/JPY at 140.00 on a 12-month view compared with a previous forecast of 135.00.
Near-term, we expect the November high just below 152.00 to act as strong resistance of USD/JPY as the market approaches the March and April BoJ policy meetings.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
WTI rises as Trump's threats strikes on IranWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
Related Instrument
