# Wall Street's FX gurus agree on one thing: yen strength is ahead

> Bloomberg's survey of currency strategists projects the yen will strengthen from about 113.30 per dollar to 105 by 2020. Some bullish forecasts, including from Commerzbank and Morgan Stanley, see it below 100. Commerzbank attributes the expected rally to tighter Bank of Japan policy rather than safe-haven demand.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/62286-wall-street-s-fx-gurus-agree-on-one-thing-yen-strength-is-ahead
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Forecasts of a stronger yen would lower Japan's import costs for feed ingredients over time, but the effect on global grain and meal prices is limited and long-dated.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- afr.com: https://www.afr.com/markets/currencies/wall-streets-fx-gurus-agree-on-one-thing-yen-strength-is-ahead-20181130-h18jmd

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