A couple of views on dollar yen and what will push it lower.
Deutsche Bank:
maintains short USD/JPY recommendation
expects 100 to be hit during 2019 (adds that 100 is fair value)
drivers of yen strength include a "structural shift in Japanese investor behaviour - from repatriation to increasing hedges - will support the JPY this year"
Credit Agricole:
have a 'long-term forecast' for 100 in 2020
for the yen is indeed that dollar-yen should revisit 100 by 2020," said head of G-10 currency
drivers - policy convergence, unwinding of Japanese-yen-funded carry trades, correction of yen significant undervaluation
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