Morgan Stanley’s bullish outlook on USD/JPY.

Home / Morgan Stanley / Morgan Stanley’s bullish outlook on USD/JPY. FORECAST

Analysts at Morgan Stanley suggested that the JPY will strengthen in near term. “The BoJ failing to deliver any easing measure anticipated by the market has caused JPY strength to come back into play, with USDJPY breaking below 108. The break below 107.63 – the April 11th low – means USDJPY is at the lowest level since October 2014, opening the door to more downside potential. We think there is little to halt the currency appreciation with Japanese retail accounts being the next buyers of JPY” written in the report.

cvxcv

Recommended Posts