Neutral Observation of USDJPY
It was a good year for State Street.
Investors thinking that US rates may have peaked are dropping their overweight positions in USD.
ft.com/content/7624df44-4d49-4c5b-b7a9-07334c2c2f3e
Since this is the case, I see a possible 4% to 5% drop in USDJPY. However, I see USDJPY at 153-154 in Q1 2024, as the trend still long strong.
Investors thinking that US rates may have peaked are dropping their overweight positions in USD.
ft.com/content/7624df44-4d49-4c5b-b7a9-07334c2c2f3e
Since this is the case, I see a possible 4% to 5% drop in USDJPY. However, I see USDJPY at 153-154 in Q1 2024, as the trend still long strong.
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