FX Week forecasters still undecided on EUR/JPY
12-month views range from 124 to 166
FX Week forecasters have an increasingly wide range of views on future exchange rate movements in EUR/JPY, with forecasts on a one-year horizon ranging from 124 to 166, leading to a standard deviation often above 9, compared with just 4 in USD/JPY.
The discrepancy first emerged in December 2012, and it has consistently stayed at higher levels than other pairs and crosses. The divergence in views is mainly the result of uncertainty about the steps the two countries' central banks, the Bank of
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