Takehashi: USD/JPY will be around 100 for the time being

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Susumu Takahashi is chief economist and chairman of the Japan Research Institute, and a member of the government’s Council on Economic and Fiscal Policy

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


All|Asia Pacific

Council on Economic and Fiscal Policy|Susumu Takahashi|USD/JPY|yen

Eamonn Sheridan


  1. For the time being, and I have an economics degree too, the USD/JPY will be trading in a 96.00 – 91.00 range. How can he say it will be at 100.00 if we haven’t even got there yet? For the time being I will be driving in my Ferrari, but I haven’t bought it yet. Some body over at the BOJ must have asked him to put up some fresh rhetoric. Some of the other forecasters are saying that there will be a lot of buyers on dips, well here is a big dip, so why are we not seeing 100.00 yet? Europe is just getting their second wind of crisis mode. Everybody likes a good crisis. Lets just tell it like it is. Cyprus is f**ked all the way and unless the ECB and the IMF lets them dangle out the window for a few months, they will not bring about any meaningful change, so summer Eruo crisis mode here we come. Good timing coincidentally on the yen weakness coinciding with the business year end. Back to reality for the short to medium term for some yen strength. The BOJ cannot do anything but disappoint next week, by not doing more than the market is expecting.

  2. hey Colin.. all quiet in Guam ? did you see i gave you a concerned mention yesterday when the N Korea posturing over US mainland bases came up?

  3. Mike, thanks for the mention. I didn’t catch your post, but I will go back and find it. I caught some highlights of the news. Looks like the North are looking to start something. We will be in Guam for 11 more nights, just long enough for the war to end. We feel safe here we have an air force base on the northern tip of the Island and a Navel base to the south. I am not to sure that North Korea could even hit a continent as a target let alone as small Island like Guam, so we are good here. If all hell breaks loose, I am willing to live in the Paradise Suite here until things calm down. All is calm here on the Island and haven’t seen any jets out since we got here. They are usually doing training exercises and we sometimes see jets over head, but other than a Blackhawk coming the beach today, we haven’t seen any heightened military presence. The beach is a 3 mile strip full of various hotels and a swimmer could have got caught on the other side of the surf. I will not know about it until tomorrow’s local paper if someone got hurt. I cannot even try to assume what the North Koreans are thinking, but this may be a ploy to get some stronger negotiating chips to play with, but I think the leader is too inexperienced to understand that or how to get them. I think his reign will be short lived. Anyway Mike, I hope you have a great rest of the week. Cheers from Guam. :D

  4. good to hear Colin and thanks for the feedback as ever. enjoy the rest of your stay.

  5. Thanks Mike.

  6. hello..please if can anybody tell me ??

    Eur/Jpy will be up or down . because Kuroda Wants to Achieve BOJ’s 2% Price Target in Two Years..
    then that is very bad for me ..and that is possible and if 2% target acheive then there eur/jpy what price ??th


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