USD/JPY seen returning to 145 by year-end – ANZ

Economists at ANZ Bank analyze USD/JPY outlook.

BoJ intervention is a more credible threat at the 150 mark and beyond

While energy prices may be on a rebound, we think BoJ intervention is a more credible threat at the 150 mark and beyond.

We see the USD/JPY returning to 145 by year-end and 132 by September 2024, as the US tightening cycle is likely to be over by then. 

See – USD/JPY: There is certainly a chance of a break above the 150 level – MUFG