HSBC argue for further yen recovery vs the USD citing
heightened U.S. policy uncertaintyresumption of pessimism toward the U.S. economyrenewed expectations of Fed easing soonHSBC are tracking trade developments, noting market sensitivity "to headlines about U.S.-Japan trade talks, especially regarding FX discussions”
HSBC’s modelling indicates 141-149 range for USD/JPY, though analysts do recognise risks for both overshooting and undershooting.
I stuck in lines around 141 and 149, just using eyeballing ... it looks like we don't have to worry about over and undershooting those levels for a while to come yet.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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