USD/JPY: To Remain In 108-114 Range Into Year-End; Dips Below 108 An Attractive Buy – SEB

SEB FX Strategy Research thinks that USD/JPY will continue to trade in the 108-114 range until the end of 2017.

"Short-term events such as geopolitical risks and severe weather in the US may push USD/JPY below 108 but if so that’s an attractive level to sell the JPY," SEB advises.

We think the JPY will continue to depreciate into 2018 as US monetary policy keeps tightening compared to the Bank of Japan (BoJ)’s accommodative stance.

Source: SEB ResearchOriginal Article