'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.

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