Top Forecaster JPMorgan Sees Yen Sliding as Far as 155 to Dollar
- Yen to stay weak in 2024, head of Japan markets research says
- Even dropping yield curve control isn’t going to help currency
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The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in coming months, said the top forecaster for the currency.
The yen will probably weaken to 152 against the dollar this year, and 155 in 2024, Tohru Sasaki, JPMorgan Chase & Co.’s head of Japan markets research, said in an interview. Even a potential abandonment of the Bank of Japan’s yield curve control policy this year will not provide much hope in the long-term, he said.