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:
- Bank of Japan: there is still a high chance that the BoJ adds stimulus later in the year;
- 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;
- USA: structural improvements in the US economy are expected to enhance demand for the USD medium-term.