Standard Chartered Predicts USD/JPY to Decline to 145.00 by End-Q2
Friday, 15 March 2024, 07:25
USD/JPY Forecast Update
Economists at Standard Chartered have updated their forecast for the USD/JPY currency pair, signaling risks tilted towards the downside.
Policy Change Prediction
The Bank of Japan is expected to terminate its negative interest rate policy (NIRP) by March, with a probable removal of yield curve control (YCC).
Impact on Currency Pair
The revised forecast anticipates the USD/JPY to potentially drop to 145.00 by the end of Q2, reflecting the projected policy changes.
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