USDJPY to end this year at 110 - Scotiabank

The yen (JPY) will remain vulnerable to firmer US nominal yields as the research team at Scotiabank expect Bank of Japan policy settings to remain accommodative for the foreseeable future.

Key Quotes

“Central bank policy makers concede that its inflation target remains out of reach. JPY weakness risks being interrupted by sporadic bouts of risk aversion, however. We expect USDJPY to end this year at 110 and end 2018 at 115.”