JPY: ‘The Land Of The Rising Sun’ For JPY; A M-Term Buy Into 2019 – CIBC

The Japanese yen attracts safe-haven flows but it has to compete with the US Dollar. What’s next? Here is their view, courtesy of eFXdata: CIBC Research discusses the JPY outlook and maintains a medium-term bullish bias into 2019, expecting USD/JPY to fall below 110 early next year. “We underlined last month (see here) three key reasons […]

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