24 Feb 2016
Tempering forceasts in EUR and Yen - Rabobank
Analysts at Rabobank noted that this year has brought a prolific selection of political and geopolitical events throughout the globe.
Key Quotes:
"While we maintain the view that the USD will be able to claw back some ground vs. both the EUR and the JPY this year, we expect USD upside to be moderate.
As we argue frequently the EUR and the JPY are funding currencies meaning these currencies are unlikely to fall significantly unless risk appetite rises across the board. We have tempered our USD/JPY forecasts and now forecast a move to 116.00 on a 12 mth view."
Key Quotes:
"While we maintain the view that the USD will be able to claw back some ground vs. both the EUR and the JPY this year, we expect USD upside to be moderate.
As we argue frequently the EUR and the JPY are funding currencies meaning these currencies are unlikely to fall significantly unless risk appetite rises across the board. We have tempered our USD/JPY forecasts and now forecast a move to 116.00 on a 12 mth view."