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Deutsche Bank forecasts USD/JPY reaching 118 by year-end, driven mainly by US rate expectations and two more Fed hikes in 2017. The bank also sees a firm floor near 110 and expects US ten-year yields to climb to 2.75%.
A forecast of a stronger dollar against the yen reflects US rate policy, with no direct link to feed grain or meal supply and demand.
octaafrica.netJun 27, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
