Most Japanese firms see USD/JPY in 140-150 range through to March 2025

The Reuters urvey finds that Japanese companies are facing earnings headwinds:

• 36% of Japanese firms expect to miss H1 earnings targets
• Rising costs and sluggish sales weighing on performance
• Transportation equipment sector struggling, 50% to miss forecasts
• Shipping industry bucking trend, benefiting from Middle East conflicts
• 70% see USD/JPY trading 140-150 by fiscal year-end
• 45% favor monetary policy moves to address FX volatility
• No major shift in US investment stance despite Nippon Steel/US Steel concerns

This article was written by Eamonn Sheridan at www.forexlive.com.