USD/JPY has the high from June 2015 at 125.86 in its crosshairs – MUFG
|USD/JPY is trading at a fresh year to date high of 123.70. Economists at MUFG Bank expect the pair to hit the June 2015 peak at 125.86.
Little pushback against yen weakness by Japanese officials
“We expect the sharp widening of yield spreads between the US and Japan to keep lifting USD/JPY closer towards the high from June 2015 at 125.86.”
“BoJ Governor Kuroda still views yen weakness as a positive for Japan’s economy although he did also note that FX stability is preferable perhaps an early indication that the recent fast pace of the yen weakness could garner greater concern if it continues in the coming weeks/month.”
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.