# USD/JPY: 3 reasons for a return to 105

> ING forecasts USD/JPY will fall to 105 within three months. The forecast rests on possible Japanese pension fund buying of foreign bonds, the reversal of dollar funding strains, and yen strength in a recession. The GPIF portfolio change was expected to be announced March 31.

- Date: 2020-03-26 · published 2020-03-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/54350-usd-jpy-3-reasons-for-a-return-to-105
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker dollar against the yen would ease the cost of Japanese purchases of US goods, but the effect on feed commodity prices is small. The forecast is a view on currency markets rather than a supply or demand event.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/usd-jpy-3-reasons-for-a-return-to-105

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.