This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus.ANZ anticipates limited near-term recovery for the JPY against the USD, with the currency pair expected to remain rangebound between 146 and 148.50. Factors such as higher US Treasury yields and the Federal Reserve's resistance to market expectations for rate cuts contribute to this outlook. However, shifts in anticipation of a Fed rate cut in the first half of 2024 could slightly tilt USD/JPY downward within the mentioned range. The upcoming March and April BoJ meetings are poised to be periods of heightened volatility and uncertainty for JPY crosses, irrespective of potential shifts towards ending negative ra
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