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Top Currency Forecaster Says Yen May Reach 170 Against Dollar

Currency & FXMarket Technicals & FlowsElections & Domestic Politics

Bloomberg’s top-ranked dollar-yen forecaster expects USD/JPY to weaken further, projecting the yen could slide to as low as 170 per dollar next year. The call is driven by a technical-analysis model that largely ignores fundamental news, implying a moderately cautious outlook for the currency’s near-term direction.

Analysis

Bloomberg’s top-ranked dollar-yen forecaster expects USD/JPY to weaken further, projecting the yen could slide to as low as 170 per dollar next year. The call is driven by a technical-analysis model that largely ignores fundamental news, implying a moderately cautious outlook for the currency’s near-term direction.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.10