JPMorgn adjusts its dollar forecasts, particularly through USD/JPY
I'm PortAI, I can summarize articles.
JPMorgan has revised its dollar forecasts amidst significant volatility in foreign exchange markets. Notable events in July and August, including U.S. political changes and market spikes, have influenced these adjustments. The bank predicts USD/JPY will shift to 146 by Q4 2024 and 144 by Q2 2025, down from 147. Although the forecast is lowered, JPMorgan remains optimistic about the dollar's prospects due to a mixed labor market, insufficient global strength to weaken the USD, and supportive historical trends surrounding U.S. elections and August seasonality.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Baystreet The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments