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Gate.io: The yen is expected to appreciate in a more orderly manner after a recent Rebound.

GoldenOctober2024

2024-08-12 14:47:53

On August 12, Jinshi Data reported that the yen may strengthen, but after the recent rebound, the pace will be more orderly, as the position looks more balanced after reducing shorts bets on the yen. The USD/JPY will recover driven by macro factors rather than position adjustments, according to analysts at Holland International. They believe that the slowdown in the U.S. economy, Fed rate cuts, and the prospect of further rate hikes by the Bank of Japan should boost the yen. Holland International expects the USD/JPY to fall from its current level near 147.60 to 137.00 in the next 12 months.

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