Japanese Yen expected to weaken to 108.00 in Q2 – Bloomberg Survey

According to the results of the latest Bloomberg survey of analysts, the Japanese Yen is seen heading to the 108 levels this quarter.

Key Findings:

Forecasts show that the Japanese Yen is expected to weaken in Q2.

Expect USD/JPY to rise to 108 this quarter.

Easing geopolitical tensions that are expected this quarter will reduce demand for safe-haven assets i.e. JPY.