MUFG Forecast: Dollar Vulnerable to Further Losses, Sell USD/JPY Target 138.30

  • The US Dollar to Yen (USD/JPY) exchange rate jumped to highs above 148.50 early last week, but failed to hold the gains and was subjected to renewed selling on Monday with a slide below 145.00 to 10-day lows. The bank notes that US equities, bonds and the dollar have again fallen together.