Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Apr 27 - 10:55 AM

USD: Here Is Where We Target EUR/USD And USD/JPY By End Of Q2- BofA

By eFXdata  —  Apr 27 - 09:33 AM

Bank of America Global Research maintains its end-Q2 forecasts for EUR/USD at 1.05, and for USD/JPY at 135.

"We maintain our current forecasts for USD to be supported in the near term, as sticky inflation keeps Fed policy oriented towards price stability, implying a lesser likelihood of the kind of relatively quick cuts that the market has been looking for. Later in the year and into 2024, we expect the dollar to gradually begin depreciating back towards equilibrium," BofA notes. 

"More specifically, we continue to forecast EURUSD at 1.05 in H1, appreciating back to 1.10 by the year-end and to 1.15 by end-2024. The timing of this path is uncertain and depends on the stickiness of Eurozone inflation vs the rest of G10, and overall risk sentiment. We also did not make any changes to our USD-JPY profile, and continue to look for a mid- to high-130s type range, especially given our US Economics team’s view of Fed rate hikes," BofA adds. 

BofA Global Research


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved