USD/JPY to finish the year at 100 versus 114 consensus - HSBC

Global currency strategists at HSBC out with their latest outlook on the USD/JPY pair for the coming months.

Key Quotes:

“We are more bullish than consensus on JPY

The USD strengthened on aspirations that have not been met. The JPY weakened on promises that have not been kept

Cyclical, structural and political change was targeted but not delivered under the three arrows of Abenomics. Inflation has come full-circle during this failed experiment and USD-JPY will circle lower too

We expect USD-JPY to finish the year at 100 compared to a consensus at 114”