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Via Bloomberg comes remarks from Mizuho Americas on USD/JPY, looking for it trade as high as 155 in the first quarter of next year.

Citing ongoing very loose monetary policy from the Bank of Japan. Given this USD/JPY won’t move lower until their is a shift from other DM central banks and the US dollar weakens.

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  • “The biggest issue for Japanese authorities is to find out when the Fed is done”
  • “You have higher-than-expected US growth, and you have a Fed that you don’t know whether is done hiking. All of those things are very unfortunate for the Bank of Japan”

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