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13 Mar 2015
USD/JPY forecast at 125 over 12-m – Rabobank
FXStreet (Barcelona) - While expecting USD strength and BoJ policy to weaken Yen, Jane Foley, Senior Currency Strategist at Rabobank, forecasts USD/JPY to head towards 125 over the next 12 months.
Key Quotes
“We are of the view that the BoJ is prepared to throw in the kitchen sink with its efforts to break out of the deflationary cycle and that its massive QE policy will in some way be bolstered this year.”
“Against the backdrop of a strengthening USD, we expect that the yen will continue to drift lower on the back of BoJ policy.”
“We maintain our 12 mth forecast for USD/JPY at 125.”
“We also expect to see GBP/JPY edge higher towards last year highs near 189.”
Key Quotes
“We are of the view that the BoJ is prepared to throw in the kitchen sink with its efforts to break out of the deflationary cycle and that its massive QE policy will in some way be bolstered this year.”
“Against the backdrop of a strengthening USD, we expect that the yen will continue to drift lower on the back of BoJ policy.”
“We maintain our 12 mth forecast for USD/JPY at 125.”
“We also expect to see GBP/JPY edge higher towards last year highs near 189.”