USD/JPY to soar towards the 137 mark – Westpac

In the view of economists at Westpac, JPY’s depreciation path is set to continue. The 137 level is the near-term target for USD/JPY.

USD/JPY’s path higher is set to continue

“Despite offering historic long-term value USD/JPY’s path higher is set to continue.”

“A clean break of 135.20 opens up a lot of fresh upside, perhaps initially eyeing 137.”