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JPY weakness looks fundamentally well justified - Commerzbank

FXStreet (Córdoba) - Lutz Karpowitz, analyst at Commerzbank notes that recent JPY weakness looks fundamentally well justified, and he expects higher quotations in USD/JPY.

Key Quotes

"We have long expected higher quotations in USD/JPY. Whilst the Fed is initiating a normalisation of its monetary policy, the Bank of Japan could become even more expansionary".

"Only recently, BoJ governor Haruhiko Kuroda has made it clear once more that the central bank will take further measures if there is a risk that the inflation target may be missed. So the yen’s recent weakness could indeed last for some time yet".

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