When can we expect the yen to start growing? USD/JPY forecast

The yen is underestimated – that’s what we’ve been hearing recently. But the Japanese currency has been steadily declining instead of strengthening against the USD. Let’s try to investigate what’s going on and when we might expect a stronger yen.

But if we analyze the rate changes over a more extended period, we’ll see that the starting point wasn’t 128 but nearly 100. In other words, the USD has appreciated against the yen by more than 30% since 2021. Experts believed that the Fed could abandon its hawkish policy at the end of 2022. But the US economy has shown better results than expected – the anticipated recession hasn’t come, and the unemployment rate doesn’t look scary either. Plus, some analysts even foresee another key rate hike. That’s what speaks in favor of the USD .

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