USD/JPY to return to 130 area in Q2 next year – Rabobank

 Previewing the Bank of Japan's (BoJ) upcoming policy meeting, Rabobank analysts said that they expect the BoJ to revise up its inflation forecasts and lower its growth expectations.



We see USD/JPY returning to the 130 area in Q2 next year

"If USD/JPY were to spike to 145 or beyond, the inflationary impact of the BoJ’s easy policy would become greater and market speculation that the BoJ may capitulate on its YCC policy would likely increase."

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