HSBC argue for further yen recovery vs the USD citing

heightened U.S. policy uncertainty
resumption of pessimism toward the U.S. economy
renewed expectations of Fed easing soon

HSBC are tracking trade developments, noting market sensitivity “to headlines about U.S.-Japan trade talks, especially regarding FX discussions”

HSBC’s modelling indicates 141-149 range for USD/JPY, though analysts do recognise risks for both overshooting and undershooting.

I stuck in lines around 141 and 149, just using eyeballing … it looks like we don’t have to worry about over and undershooting those levels for a while to come yet.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.