USD/JPY to enjoy further gains towards 135 by year-end – Nordea

FXStreet Insights Team FXStreet

The yen now stands around 130, a 20-year low versus the US dollar. Economists at Nordea expect the USD/JPY to advance towards the 135 level by year-end.

USD/JPY to move lower during the second half of 2023

“Back in 2002, USD/JPY topped at 135 and we expect USD/JPY to move towards this level by end-2022.”

“At some point, the peak USD bullishness will turn around and we expect USD/JPY to move lower during the second half of next year.”

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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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