# USD/JPY to target ¥118 by year-end – Deutsche Bank — Octa

> 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%.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70725-usd-jpy-to-target-118-by-year-end-deutsche-bank-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-20 | [EUR/USD to plummet towards 1.15 by year-end – CE — Octa](https://feedsoft.ai/events/47300-eur-usd-to-plummet-towards-1-15-by-year-end-ce-octa.md) | -0.0% | +1.5% |
| DXY | 2016-12-19 | [US: Something special in the offering – Deutsche Bank — Octa](https://feedsoft.ai/events/73658-us-something-special-in-the-offering-deutsche-bank-octa.md) | +0.4% | -0.5% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | -0.5% | -1.5% |
| DXY | 2021-09-30 | [USD/JPY touches multi-year high near 112.00 ahead of US GDP, stronger USD — Octa](https://feedsoft.ai/events/45301-usd-jpy-touches-multi-year-high-near-112-00-ahead-of-us-gdp-stronger-usd-octa.md) | +0.0% | -1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/458446/

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