# Forecast: Weaker Yen Exchange Rates, USD/JPY To Move Towards 112.50 | Exchange Rates UK

> USD/JPY pushed above 111.50 for a second day but was rejected from its highs and settled around 111. The BoJ kept rates on hold and trimmed its inflation forecasts slightly. The article notes that equity rallies sparked by easing French political fears and Trump's tax plan were weakening safe-haven demand for the yen.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/71724-forecast-weaker-yen-exchange-rates-usd-jpy-to-move-towards-112-50-exchange
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The analysis sees the yen's direction as set by haven demand, with a forecast move toward 112.50 if the dollar strengthens. This is currency analysis without a direct link to feed commodity prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17924/forecast-usd-jpy-weaker-yen.html

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