USD/JPY to touch 113 by mid–2019 - Westpac
|In view of analysts at Westpac, the recent strength in JPY looks to have come primarily as a result of increased concern over the global economy amongst investors, with the Yen’s gains having partly reversed to 110.46 since – coincident to the broad move in market confidence.
Key Quotes
“Ahead, in line with our FOMC call and on the assumption that global growth risks do not intensify, we look for a brief rise in the USD/JPY cross to JPY113 in mid–2019 followed by a reversal to JPY112 end–2019, then JPY106 end–2020.”
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.