22.11.201900:43 Forex Analysis & Reviews: Analysts have given the most accurate USD/JPY annual forecast in history

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Analysts forecast for USD/JPY at the end of this year was the most accurate since 2006, according to Bloomberg. The success of the forecasters is due to the fact that the annual trading range in this currency pair has become the narrowest in the history of observations.

At the beginning of 2019, a consensus assessment of analysts surveyed by the agency suggested that the USD/JPY rate would be 108 yen per dollar at the end of December.

Despite three Federal Reserve interest rate cuts, the yen has now strengthened against the greenback by only 1%.

This year, the USD/JPY currency pair was trading in the band of 104.46–112.40 - the narrowest trading range in history.

The trade war between the US and China, as well as concerns about a slowdown in the global economy, stimulated the demand for the yen. However, seasonal factors and the Japanese investors' steady demand for foreign assets did not allow JPY to firmly strengthen.

Moreover, the range of opinions on what to expect from the Japanese currency next year is quite wide. The most bullish forecast implies strengthening to 96 yen per dollar, and the most bearish forecast - weakening to 116.

In particular, Citigroup experts note that the USD/JPY rate has shown a downward trend since 2015. They expect this trend to continue in 2020.

"The difference in yields between the US and Japan already indicates a return of the USD/JPY rate to 100 yen per dollar or even lower," they said.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.