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Rabobank: If the Central Bank of Japan further raises interest rates and the Fed cuts interest rates, the yen is expected to appreciate

FX data on September 13th, JPMorgan Chase claimed that the yen is likely to continue its rise against the dollar in the coming months due to the potential for further rate hikes by the Bank of Japan and an anticipated start of rate cuts by the Federal Reserve in September. In a report, JPMorgan Chase forex strategist Jane Foley stated that the Fed could cut rates by 25 basis points in September and again before the end of the year. “Looking out six months, we anticipate the USD/JPY to fall to 142, roughly aligning with expectations for the next rate hike by the Bank of Japan.”

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