FXStreet (Edinburgh) – According to analyst at BAML, the pair could be around the 125.00 region towards the end of the current year.
Key Quotes
“A stable Abe-Kuroda reflation tag should promote policies to lower real interest rates and improve investor sentiment, which will incentivize domestic investors to sell JPY”.
“Despite JPY’s undervaluation and some improvement in the current account balance expected in 2015, we continue to expect the BoJ’s easy policy to prevent the yen from rising”.
“While the recent rally led by technical is prone to a correction, we forecast USD/JPY at 125 at end-2015”.
(Market News Provided by FXstreet)