USD/JPY to trade at 145.00 in the end of the year – Rabobank

Source Fxstreet

USD/JPY has been on a downtrend since early January, Rabobank's FX analyst Jane Foley reports. 

Concern from Ueda to disappoint JPY bulls this week

"That said, in the past few sessions there have been signs of some corrective activity. The degree of hawkishness from the BoJ following this week’s policy meeting will likely be a crucial determinant of direction in the currency pair near-term. Further out, we retain our year end forecast of USD/JPY145.00 with downside risk."

"For BoJ watchers, it is hoped that Ueda will this week offer some clarity as to whether the BoJ could hike rates more than once this year. This would likely mean the next rate hike will follow in Q2. In a stable geopolitical backdrop, the likelihood of two more policy moves this year would likely be relatively high." 

"However, evidence of a slowing US economy and uncertainty about Trump tariffs, potentially on Japan’s auto exports to the US, could inject a note of caution into the BoJ’s policy decisions this year. Notes of concern from Ueda on these issues will likely disappoint JPY bulls this week. That said, we would favour selling rallies to USD/JPY150.00 given our longer-term bullish JPY view."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Will the Fed Rescue the Plunging U.S. Stocks? Can Powell Act—or Even Try—at the March Meeting?TradingKey – The early days of Trump’s return to the White House have failed to deliver the "Make America Great Again" (MAGA) rally investors hoped for, instead pushing the S&P 500 into correction ter
Author  TradingKey
9 hours ago
TradingKey – The early days of Trump’s return to the White House have failed to deliver the "Make America Great Again" (MAGA) rally investors hoped for, instead pushing the S&P 500 into correction ter
placeholder
[IN-DEPTH ANALYSIS] Trump Policies: Market Overreacted, Remain Bullish on StocksExecutive SummaryThere’s no doubt that Trump’s high tariffs and retaliatory measures from trade partners alone could dampen the upward momentum of U.S. and European stock markets. However, Trump’s pot
Author  TradingKey
9 hours ago
Executive SummaryThere’s no doubt that Trump’s high tariffs and retaliatory measures from trade partners alone could dampen the upward momentum of U.S. and European stock markets. However, Trump’s pot
placeholder
NZD/USD hits three-week high near 0.5775; seems poised to climb further on bearish USDThe NZD/USD pair gains positive traction for the second straight day on Monday and climbs to a three-week high, around the 0.5775 region during the first half of the European session.
Author  FXStreet
9 hours ago
The NZD/USD pair gains positive traction for the second straight day on Monday and climbs to a three-week high, around the 0.5775 region during the first half of the European session.
placeholder
EUR/USD wobbles as Fed’s policy takes center stageEUR/USD trades in a tight range below the key level of 1.0900 in European trading hours on Monday.
Author  FXStreet
10 hours ago
EUR/USD trades in a tight range below the key level of 1.0900 in European trading hours on Monday.
placeholder
This week, Fed’s Powell must talk up growth while keeping rate cuts on the tableJerome Powell is stepping into a tough spot this week. He has to assure investors that the economy is strong while making it clear that the Federal Reserve is ready to cut interest rates if things start going south. The timing is brutal. Stocks have been unstable, bond yields are down, and the White House […]
Author  NewsBTC
10 hours ago
Jerome Powell is stepping into a tough spot this week. He has to assure investors that the economy is strong while making it clear that the Federal Reserve is ready to cut interest rates if things start going south. The timing is brutal. Stocks have been unstable, bond yields are down, and the White House […]
Related Instrument
goTop
quote