USD/JPY to drop toward 128 by end-June – ING USDJPY BOJ Banks
“At the 16 June meeting, we think the BoJ could shorten its yield curve target to 5-year from 10-year JGB yields. 10-year JGB yields would rise sharply, and the Yen would rally. That’s why we target 128 for USD/JPY in end-June.”
“One risk we see to the bearish USD/JPY call is energy prices. Our team is calling Brent to $110/bbl by year-end – a Yen negative.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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