Read full post at forexlive.com
UBS are wary of much more weakness ahead for the yen in the near term.
Citing the backdrop of the rise in JPY after the US CPI report, helped along by Bank of Japan intervention leaning into the weakness for USD/JPY, UBS cite:
And say they expect further pull back drops for USD/JPY as us Data continues to indicator a soft landing for the US economy.
ICYMI:
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Reply