USD/JPY: 120 looks like the target this year – ING USDJPY BOJ Banks
“The Bank of Japan is now garnering much more focus than it has in years. Most pressing is the replacement of Governor Haruhiko, who leaves in April. A successor will be presented to parliament on 10 February. The favourite, Deputy Governor Masayoshi Amamiya, is seen as the dovish continuity candidate.”
“USD/JPY has mainly been driven by the weaker Dollar story, but 120 looks like the target this year, helped by the BoJ and lower energy prices.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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