USD/JPY expected towards 107 by next spring - Rabobank

By | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank noted that while USD/JPY could go lower near-term, they maintain that there is a bullish medium-term argument.

Key Quotes:

“The BoJ is nowhere near ending its very aggressive QE programme. By contrast the Fed is expected to have drawn its asset purchases programme to a close by year end suggesting that on a relative basis, BoJ policy will appear even more extreme”.

“We expect USD/JPY to push towards the 107.00 area next spring”.

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