Reported 11 months ago
Macquarie Group Ltd. stands out with a bullish outlook, predicting the yen to strengthen to around 120 per dollar, a 33% increase in 18 months or more. This forecast relies heavily on a scenario where the Federal Reserve aggressively cuts interest rates to stimulate demand in the event of a major global economic shock. This stands in contrast to prevailing bearish forecasts of 170 as the next target, with Berry's projection exceeding the median analyst consensus of around 140 by end of 2025 and 138 by late 2026. The yen was trading near 159.84 per dollar in Asia, with investors heavily positioned for a weaker yen, leaving room for a potential sharp reversal.
Source: YAHOO