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1 Nov 2013
Flash: USD/JPY should stay within 95-100 over the next 3 months - UBS
FXstreet.com (Córdoba) - The UBS analyst team has changed their forecast for USD/JPYstrong> to reach 98.00, 102.00 and 105.00 over 3, 6 and 12 months respectively (98, 98 and 105 previously).
Key Quotes
"The USD/JPY should stay in a 95 – 100 range over the next three months, as we expect neither the Fed nor the BOJ to alter their monetary policies".
"On a 6-12 month horizon, we expect USDJPY to move into a 100 – 110 range, as the Fed will start QE tapering next year, while the BOJ is likely to increase QE in April 2014 to cushion the consumption tax hike".
Key Quotes
"The USD/JPY should stay in a 95 – 100 range over the next three months, as we expect neither the Fed nor the BOJ to alter their monetary policies".
"On a 6-12 month horizon, we expect USDJPY to move into a 100 – 110 range, as the Fed will start QE tapering next year, while the BOJ is likely to increase QE in April 2014 to cushion the consumption tax hike".