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Forex pairs in this Article » USD/JPY (London) - Nanao Shimakage, Research Assistant at The Bank of Tokyo-Mitsubishi UFJ, Ltd see’s USD/JPY in the 102 handle in three months time.

Key Quotes:

“We expect that the JPY will depreciate in a narrow range, as there will be fewer supporting and encouraging factors. However, the recent market uncertainty has clarified firm limited downside for USD/JPY”.

“Abenomics moved into the implementation phase this autumn, and the fiscal flow of funds will support JGB and JPY stability”.

We maintain our view of USD/JPY remaining in a narrow range, at JPY99 in one month and JPY102 in three months”.
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