JustMarkets expects that rate cuts by the US Fed will allow the Bank of Japan (BoJ) to exit ultra-loose monetary policy next year without a sharp rise in Japanese government bond (JGB) yields.
If this happens at a time when US short-term rates fall ahead of the first Fed rate cut, expected in May, USD/JPY will decisively go down.
JustMarkets' USDJPY forecast for the end of 2024 is a range of 130-135.
If this happens at a time when US short-term rates fall ahead of the first Fed rate cut, expected in May, USD/JPY will decisively go down.
JustMarkets' USDJPY forecast for the end of 2024 is a range of 130-135.