18 Aug 2015
USD/JPY at 125 for year end - BNZ
FXStreet (Guatemala) - Analysts at the Bank of New Zealand noted that USD/JPY has traced out a range from 123.79 to 125.28.
Key Quotes:
"The best prospect for USD/JPY recapturing 125 would be for risk markets to take a September Fed move in their stride and US yields to move higher alongside."
"We continue to forecast 125 for year end, and modestly higher in 2017."
Key Quotes:
"The best prospect for USD/JPY recapturing 125 would be for risk markets to take a September Fed move in their stride and US yields to move higher alongside."
"We continue to forecast 125 for year end, and modestly higher in 2017."