UBS raise their USD/JPY forecasts
Nov 15 (Reuters) - A recently released investment research note from the UBS chief investment office is forecasting USD/JPY at 155.00, 152.00, 150.00 and 147.00 for December 2024, March 2025, June 2025 and September 2025 respectively. This is up from 147.00, 143.00, 140.00 and 138.00 previously. They also introduce a 145.00 target for December 2025.
The note suggests that, near term, a USD/JPY rise to 158.00-160.00 is possible, if 10-year yields rise by 30-40bps toward 4.8%. In both cases, such a move would be toppish in their view and should be reversed over the medium term.
From a political perspective, UBS CIO note that President-elect Donald Trump has previously criticised the JPY for being too weak, and Japanese policy makers also do not desire JPY weakness beyond 160.00. Mutual U.S.-Japanese interests could well be served by a stronger JPY.
For more click on FXBUZ
JPY=EBS https://tmsnrt.rs/3Z3n99v
(Richard Pace is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
