“Our baseline scenario is that the global economy will follow a gradual recovery trend in 2013 and that the European crisis will not exacerbate. Against this backdrop, the four major factors that led the JPY's underperformance in 2012 are likely to continue being factors that apply downward pressure on the JPY in 2013,” the analysts explain, adding: “That said, since this kind of market environment will also be negative for the USD – another major financing currency alongside the JPY –, we expect both the USD and the JPY to depreciate in 2013 while USD/JPY should remain directionless.”
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 securities. 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 Forex 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.