“Recent reluctance by the BoJ [Bank of Japan] to take bolder steps will likely only contain, but not reverse the upward movement of the [yen],” says a recent report by J. Safra Sarasin. Accordingly, the bank has revised its USDJPY rate downwards. JPY unlikely to reverse strengthening trend USDJPY 3-month, 6-month, 9-month and 12-month forecast: 103.0 BoJ disappointed with a paucity of details on fiscal…
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