EUR/USD to rise towards 1.09-1.10, USD/JPY to fall towards 133-134 over next three months – Standard Chartered
|Economists at Standard Chartered expect the US Dollar to weaken against the Euro and the Japanese Yen.
Pressure on BoJ to scrap policy unlikely to go away amid rising inflation in Japan
“EUR/USD to rise towards 1.09-1.10, USD/JPY to fall towards 133-134 over the next three months.”
“Unlike the Fed, we do not see the ECB altering its tightening bias for now, given the relatively stronger growth and greater inflation pressure.”
“USD/JPY also has room to reverse its initial disappointment from the BoJ ruling out any immediate change to its Yield Curve Control (YCC) policy. We believe that the pressure on BoJ to scrap policy is unlikely to go away amid rising inflation in Japan.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.