The chart shows the forecasts of some of the big banks on how EUR / JPY will develop. As you can see, the moods are mixed.
Bank of America Merrill Lynch is expecting the pair to reach 132 by the end of the year and to rise to 133 in the second quarter of 2018.
Citigroup are positive about the pair and expect a rise in price. According to them, the pair could reach 132 by the end of 2017 and rising to 134 in the Q2 of the next year.
JPMorgan Chase expect a serious drop in the price of the currency pair. They expect a fall to 123 in Q4 of 2017, and a slight increase to 124 in the first quarter of 2018, then a further decline to 123 in Q2.
Lloyds Bank Commercial Banking is also not optimistic. They expect a fall to 126 by the end of the year and a slight increase to 127 in the Q2 of 2018.
Morgan Stanley are the biggest optimists for the pair. According to them, the EUR / JPY price will reach 138 by the end of the year and increase to 145 in Q1 to 2018. Then they expect a drop to 136, which is also higher than the current levels.
Junior Trader Stefan Panteleev
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