USD/JPY: Scope for only a moderate move lower in the coming months – Rabobank
Source Fxstreet
Is the Bank of Japan (BoJ) ready to act? Economists at Rabobank analyze Yen’s outlook ahead of the BoJ’s March meeting.
USD/JPY to edge lower into the BoJ’s March meeting
While we favour an April rate hike over a move in March, we expect USD/JPY to edge lower into the March 19 meeting in anticipation of an early move.
Even on a steady policy outcome this month, we expect downside pressure on the JPY to be limited as the market turns its attention towards the likelihood of a rate hike next month.
That said, given the resilience of the US economy and related US inflation risks, we see downside potential in USD/JPY to be limited to a move back to 140.00 on a 12-month view.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Bitcoin network realizes $1.99 billion in losses, rivaling the 2022 Luna crash, though analysts view the $67,000 flush as a cyclical cleanse rather than a structural breakdown.
Silver price (XAG/USD) recovers some lost ground to near $76.60 during the Asian trading hours on Friday. The white metal suddenly fell late Thursday, pushing silver down more than 11%.
Bitcoin is nearing a level on the MVRV ratio that historically lines up with market “undervaluation,” according to CryptoQuant contributor Crypto Dan, as traders look for signs that a four-month
Related Instrument
