Deutsche Bank Predicts Yen Could Weaken to 157 Against Dollar

Dec 18, 2024

Deutsche Bank suggests that if the Federal Reserve maintains a hawkish stance and the Bank of Japan keeps interest rates unchanged, the yen may weaken to 157 against the US dollar. According to Deutsche Bank macro strategist Tim Baker, a scenario where inflation accelerates but central bank actions remain slow could push the USD/JPY pair higher. However, he notes that if the Bank of Japan unexpectedly raises rates, it could initially strengthen the yen. Recently, the USD/JPY increased by 0.4% to 154.03.

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