JPM lowers its target for EUR/USD because of Europe Japanification

Author: Eamonn Sheridan | Category: News

'Becoming Japan' is so hot right now, I've seen it in reference to Australia and others recently 

Anyway, JP Morgan, 1 year forecast for EUR/USD is 1.17
  • from previously 1.20
the bank cites 
  • Europe business and rate cycles "Japanification"
  • ECB potentially protracted period of curve flattening
to lead to a period of tactical weakness in EUR.

---
Please excuse the non-Brexit post, I don't know what has come over me …  

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose