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USD/JPY points to 125.00 by year-end – BAML

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - BofA Merrill Lynch Global Research expects the yen to depreciate to the 125.00 level vs. the greenback by year-end.

    Key Quotes

    “In light of (1) the resilience of the US economy and expected rise in short-term yields, (2) the possible downward revision of the BoJ’s bullish growth/price outlook down the road, and (3) the BoJ’s asymmetrical stance on policy responses, we continue to see a gradually higher USD/JPY trajectory”.

    “The range is likely to transition into USD/JPY125-130 into 1H16, before peaking, as we forecast USD/JPY to rise to 125 by the year-end and beyond in 1H16”.
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