USD/JPY to Trade in Narrow Range Despite Rate Spread Shift, Citi Says
Citi analysts expect the USD/JPY exchange rate to remain range-bound between ¥158 and ¥160 per dollar in the near term, despite conditions being met for a potential long-term trend reversal. The bank noted that while the necessary conditions for a shift from an uptrend to a downtrend have been satisfied through interest rate spread contraction,…
