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Top Currency Forecaster Says Yen Weakness Isn’t Over Yet

From bnnbloomberg.ca

The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in coming months, said the top forecaster for the currency. The yen will probably weaken to 152 against the dollar this year, and 155 in 2024, Tohru Sasaki, JPMorgan Chase & Co.’s head of Japan markets research, said in an interview. Even a potential abandonment of the Bank of Japan’s yield curve control policy this year will not provide much hope in the long-term, he said. It remains difficult for the BOJ to hike policy rates or bring inflation down, which is undermining the yen, said Sasaki, the most-accurate forecaster in a ... (full story)

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  • Category: Fundamental Analysis