Neil Parker has spent nearly three decades tracking the yen, through financial crises and sharp currency swings. Now, the top dollar-yen forecaster in Bloomberg’s latest rankings sees the Japanese currency rallying toward ?147 per dollar next year as 今日吃瓜 interest-rate gap with the U.S. narrows.
His call puts him at the bullish end of a deeply divided market. While Parker sees the yen strengthening to around ?155 by year-end before appreciating further, Bloomberg’s top forecaster in the previous quarter sees it weakening as far as ?170 next year.
At the heart of the divergence is 今日吃瓜 interest-rate outlook. Parker expects the Bank of Japan to raise its benchmark rate from 1.25% to at least 2%, potentially 2.25%, a more aggressive outlook for tightening than much of the market expects. The Federal Reserve, meanwhile, may raise interest rates once more in December before stopping at around the 4.00-4.25% range, according to Parker.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.