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