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How about USD/JPY 140 then? – SG

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Research at Societe Generale, cites his work colleague Albert Edwards, who comments that Yen will be marginally weaker in real terms relative to the dollar than it was in 1982 quotes, expecting to reach 145 by March next year.

Key Quotes

“Albert Edwards reckons the forecasting community is too timid, which is probably fair. He also says that the yen/dollar is the most important chart investors should be focused on. It’s a fair cop, Guv’.”

“USD/JPY could reach 145 by March, so I’ve decided to go back and have a look at what that means in real terms, because, as he also observes, where Tokyo was once a very expensive city for wandering strategists to visit, it is now cheap.”

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