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Jul 29 - 12:55 PM

GBP/USD: Towards 1.40 In Q3; USD/JPY; Targeting 112 In Q3 - UOB

By eFXdata  —  Jul 29 - 10:45 AM

UOB Research discusses its forecasts for GBP/USD and USD/JPY.

"With the positive vibes likely to spillover to the GBP together with the currency’s attractive valuations, we keep to our bullish view on the GBP/USD, expecting the pair at 1.40 in 3Q21, 1.41 in 4Q21, 1.42 in both 1Q and 2Q22," UOB notes. 

"With the Bank of Japan expected the last within G-10 to normalize monetary policy, if any, the resulting monetary policy divergence with the FED will be the widest and underpins a higher USD/JPY. As such, we keep to our existing forecasts, expecting USD/JPY at 112 in 3Q21, 113 in 4Q21, 114 in both 1Q and 2Q22," UOB adds. 

Source:
UOB Research/Market Commentary

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