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Credit Suisse: USD/JPY forecast lowered, 122 anticipated in 3M – eFXnews

FXStreet (Barcelona) - Credit Suisse lowers their USD/JPY forecast citing improving Japanese economic conditions and the uncertainty around Fed’s hike, as noted by eFXnews.

Key Quotes


“The recent consolidation in implied volatility, improvement in Japan’s BoP and Fed hiking expectations lead us to trim our USDJPY 3m forecast from 125 to 122. Nonetheless, we retain our 12m 127 forecast as the structural home bias of Japanese investors continues to unwind."

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