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JPMorgan said the Trump-Abe summit did not resolve underlying exchange-rate tensions and that the yen could pass 100 per dollar this year. Its analyst expects US protectionism to pressure the dollar against funding currencies.
The yen had weakened initially after the meeting.
JPMorgan's view points to a weaker dollar against the yen, which would tend to support dollar-priced commodity exports. The forecast is a research view, not a market-moving event.
japantimes.co.jpNo AuthorFeb 13, 2017Not 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.
