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USD/JPY fell more than 100 pips on May 23 from about 111 to briefly below 109 after Trump's comments on China trade talks. Lloyds forecast USD/JPY to reach 103 in 2019 and said the Bank of Japan's dovish stance still favors selling the yen.
The bank cited robust global equity markets as a sign of confidence.
A forecast for a lower USD/JPY reflects expectations of continued BOJ easing and a stronger yen. For feed buyers this is a currency view with little direct commodity impact.
exchangerates.org.ukFrançois AuréMay 24, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
