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USD/JPY 1Q Forecast: Can the BoJ Keep Up With the Breakneck Pace of the FOMC?


USD/JPY 1Q Forecast: Can the BoJ Keep Up With the Breakneck Pace of the FOMC?
2021-01-02 00:00:00
James Stanley,
Senior Strategist
USD/JPY 1Q Forecast: Can the BoJ Keep Up With the Breakneck Pace of the FOMC?
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Year-long projections are challenging in any backdrop, but the one that we find ourselves within right now seems especially dangerous. At this point ahead of the New Year, there’s a lot optimism priced in for 2021 and much of that is based on just how rough 2020 has been. While a global pandemic has shuttered economies for a large chunk of the year, the prospect of a vaccine and a possible return to normal next year keeps hope alive for a return of growth. This has helped to drive fresh all-time-highs in a number of risk markets: It can even be said that, at this point, equity markets are ‘priced for perfection,’ fully expecting best case scenari ....

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