Yen likely to remain volatile in the week ahead - MUFG

Sandeep Kanihama FXStreet Contributor

Research Team at MUFG notes that so far in January, exporters have been covering their real demand, pushing USD/JPY lower and Japanese investors have also been making seasonal cash repatriations, supporting the JPY.

Key Quotes

“These factors could weigh on USD/JPY topside. Fed Chair Yellen further revealed her hawkishness this week. Market expectations for more rate hikes could support the lower bound for USD/JPY. The new US president’s inauguration speech Friday may shake USD/JPY, but we do not expect any further details about his fiscal policy plans.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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