FXstreet.com (Barcelona) - Takahiro Sekido, Japan strategist at the Bank of Tokyo Mitsubishi UFJ while 'Abenomics' has lifted the USDJPY rate recently, some corporate executives have commented that their preference is closer to the 100 level.

However, the Nominal Effective Exchange Rate (NEER) was already moving close to the average of the 2000s and Japan's Real Effective Exchange Rate (REER, BIS broad) and REER (IMF CPI) were already approaching on the two-decade average. Last summer, the IMF suggested that JPY was between 0% and 10% overvalued, a situation which Sekido feels has already been corrected to the optimal level in his analysis.


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Forex pairs in this Article » USD/JPY

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