# USD/JPY: Anchored for the time being - CIBC - Forex Crunch

> CIBC analysts forecast USD/JPY at 104 by Q2 and 101 by Q4 after the Bank of Japan upgraded its economic outlook on fiscal stimulus. They noted that the 10-year JGB yield had risen swiftly and could trigger equity drawdowns. Analysts remain constructive on risk assets over the long term.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/55322-usd-jpy-anchored-for-the-time-being-cibc-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen outlook and fiscal stimulus in Japan affect import purchasing power for feed ingredients priced in dollars. The forecast is a currency view with limited immediate effect on feed commodity prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/01/28/usd-jpy-anchored-for-the-time-being-cibc/

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