EUR/JPY should come lower amid too optimistic economic expectations – ING EURJPY Fed ECB Banks Asia
Economists at ING expect the EUR/JPY pair to edge lower as goldilocks year for the US economy could be too good to be true.Chair Powell’s press conference on 1 February it almost sounded like 2023 could be a Goldilocks year for the US economy. Inflation could come down even though unemployment remained low. If that is too good to be true, then EUR/JPY should come lower.”
“There is also the case that the ECB’s new-found hawkishness in December – and marketed with mixed success in February – falls by the wayside. That is not our house view, which sees the ECB hiking a further 75 bps and rates then unchanged through the fourth quarter of 2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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