The Yen is the one major currency that is likely to rise significantly against the USD this year – SocGen
|The US Dollar (USD) has run out of momentum due to more mixed economic data. Economists at Société Générale analyze the forex market outlook.
Sterling is clearly vulnerable
USD/JPY is likely to fall as the BoJ exits negative rates and yield curve control. A symbolic move still matters if it suggests that higher rates will be seen eventually. The Yen is too cheap.
EUR/USD may be stuck, but GBP/USD could fall as the UK continues to stagnate and the Bank of England finally cuts rates.
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