USD/JPY to see a major correction in Q4, ending the year at 127 – BofA
|USD/JPY has surged above 140. The pair is expected to stay elevated before staging a major correction into the fourth quarter, economists at the Bank of America Global Research report.
USD/JPY to remain elevated until US inflation starts to decelerate
“We expect USD/JPY to remain elevated until US inflation starts to decelerate.”
“We expect USD/JPY to remain above 135 through the summer and corrected into 2023 from 4Q22. However, the structural JPY weakness should reemerge longer-term. We expect USD/JPY to end 2022 at 127.”
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.