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15 Dec 2014
USD/JPY to fall to 103.36? – DBS
FXStreet (Barcelona) - The DBS research team shares the Tankan survey release which notes that big manufacturers expect USD/JPY to fall to 103.36 this FY.
Key Quotes
“Japan’s snap election is over, and USD/JPY retreated from its close of 118.77 last Friday. The ruling Liberal Democrat Party (LDP) and its coalition partner, Komeito, retained its two-thirds majority in the lower house of parliament. After securing a fresh mandate for the next four years, PM Shinzo Abe and his cabinet will now turn their attention to reviving the economy, as well as looking to how to provide relief to households and small firms hurt by the weak yen. In the Tankan survey released this morning, big manufacturers expect USD/JPY to fall to 103.36 this FY. Even so, USD/JPY is not deviating far from 118 ahead of the FOMC meeting on 17 Dec.”
Key Quotes
“Japan’s snap election is over, and USD/JPY retreated from its close of 118.77 last Friday. The ruling Liberal Democrat Party (LDP) and its coalition partner, Komeito, retained its two-thirds majority in the lower house of parliament. After securing a fresh mandate for the next four years, PM Shinzo Abe and his cabinet will now turn their attention to reviving the economy, as well as looking to how to provide relief to households and small firms hurt by the weak yen. In the Tankan survey released this morning, big manufacturers expect USD/JPY to fall to 103.36 this FY. Even so, USD/JPY is not deviating far from 118 ahead of the FOMC meeting on 17 Dec.”