USDJPY could see a big reversal lower by end-Q1 2023 – ING

March 2023 will be especially volatile for USDJPY. Economists at ING believe that the pair could be trading at 130 by the end of next year.Kuroda

“The first quarter of 2023 will see huge focus on the Japanese wage round, where a rise in wages is a prerequisite for the BoJ to tighten policy. This period will also see the Fed release its dot plots , which may be the first real chance for theto acknowledge a turn in the inflation profile. As such, this period could see a big reversal lower in USDJPY.”

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EURUSD could be trading in a 0.95-1.05 range for most of 2023 – INGA bullish leap of faith on the Euro is too dangerous, in the opinion of economists at ING. They expect the EURUSD pair to be in the 0.95-1.05 range fo
Source: FXStreetNews - 🏆 14. / 72 Read more »