The chart shows the forecasts of some of the big banks on how the USD / JPY will develop. As you can see, the moods are mixed with the currency pair.
In blue, we see the expectations of Bank of America Merrill Lynch. They are optimistic about the price of th pair development to Q1 and the price to reach 116.91, but expect a drop to 115.0.
Citigroup expects a rise to 111.00 from current levels by the end of the year and retention around them until the second quarter of 2018.
JPMorgan Chase are pessimistic and are expecting a drop in the pair and strong yen. Their forecast is down to 106 by the end of the year and to 105 Q2 next year.
The purple line shows Lloyds Bank Commercial Banking expectations, which also expect a USD / JPY to decline. According to them, by the second quarter of 2018, the price will be 106.00.
Morgan Stanley is expecting an increase to 116 by the end of the year and dropping to 112.00 in the Q2 of 2018.
Junior Trader Stefan Panteleev
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