USD/JPY outlook: targetting 112 - Scotiabank
Analysts at Scotiabank explained that JPY entered November at the lower end of its 2017 range.
"JPY seasonals are bearish and speculative short positioning is extended.
Widening interest rate differentials are expected to deliver continued fundamental weakness for JPY.
We hold a relatively neutral USD/JPY year-end 2017 target of 112."