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Credit Suisse: Yen to remain under pressure - eFXnews

FXStreet (Łódź) - The eFXnews team remark that Credit Suisse's yen forecast remains bearish.

Key quotes

"Ongoing weakness in the economy and talks of further BOJ easing contrast against hike-expectations in the US."

"Deterioration in Japan's current account deficit, combined with our outlook for US yields to rise later this year, will also support a USDJPY higher trend."

"GPIF-elated flows will also be important – we expect a broader shift to Japanese outflows to keep yen under the pressure."

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