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Japanese yen JPY forecasts for 2020

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Japanese yen forecast

JPY in the markets

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.

Earlier in the year the threat of proxy war between the US and Iran in Ira helped bring on gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.

Last year, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

USD/JPY – 6 month chart

JPY forecasts

Goldman Sachs forecast the downward course for Dollar to Yen to continue with a USD/JPY rate of 95 in the near future.

You can also read our full Foreign Exchange Guide to Japan.

 

Japanese yen – Historical Rates

PeriodChange*USD/JPYDate
1 Day-0.3%109.131806 Apr 2020
7 Day+1.2%107.513431 Mar 2020
30 Day+4.7%103.925008 Mar 2020
3 Month-0.2%109.038508 Jan 2020
1 Year-2.4%111.449008 Apr 2019
5 Year-9.7%120.443509 Apr 2015
10 Year+16.4%93.422910 Apr 2010

*For period to 07-Apr 21UTC when USD/JPY was 108.7785

 

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