Rabobank Maintains USD/JPY Forecast at 140 Despite Trade-Led Bounce

  • A short-term US Dollar rebound driven by renewed US-China trade optimism has pressured the Japanese Yen, but foreign exchange strategists at Rabobank continue to forecast the USD/JPY exchange rate at 140 over a 12-month horizon. “News that the US and China have reached an agreement that substantially lowers trade tariffs between them for.