The Yen is the one major currency that is likely to rise significantly against the USD this year – SocGen

FXStreet Insights Team FXStreet

The US Dollar (USD) has run out of momentum due to more mixed economic data. Economists at Société Générale analyze the forex market outlook.

Sterling is clearly vulnerable

USD/JPY is likely to fall as the BoJ exits negative rates and yield curve control. A symbolic move still matters if it suggests that higher rates will be seen eventually. The Yen is too cheap.

EUR/USD may be stuck, but GBP/USD could fall as the UK continues to stagnate and the Bank of England finally cuts rates.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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