Bank of America forecasts for EUR/USD:
- EUR/USD at parity byQ1 of 2023
- to 1.10 for EUR/USD by the end of
For the yen:
- USD/JPY to 146 by Q1 2023
- to 135 by the end of 2023
BoA cite:
- for the time being the factors that have supported the USD in 2022 year remain valid, "despite the recent correction lower"
- "In our baseline, the USD remains strong early next year and starts a more sustained downward path after the Fed pauses.”
