Rabobank: USD/JPY targets 105.00

Rabobank strategists forecast USD/JPY to hit 105.00 by the end of the year. They see the following reasons for the USD strength:

  1. Bank of Japan: there is still a high chance that the BoJ adds stimulus later in the year;
  2. Ukraine: further deteriorating of the conflict could lead to safe haven demand for the yen, but the situation will likely stabilize by the end of the year;
  3. USA: structural improvements in the US economy are expected to enhance demand for the USD medium-term.


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