fxstreet.com 23 Feb, 2021 08:45 am

AUD/JPY to trade at 87.00 by end-2021 – Westpac

AUD/JPY to trade at 87.00 by end-2021 – Westpac
This week, the AUD/JPY pair reached highs since December 2018. AUD/JPY is currently trading around the 83.00 level and economists at Westpac forecast

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.50 in the next weeks while expect AUD/JPY to end the year trading at around the 87.Key quotes “The AUD/JPY recovery from pandemic lows is not yet a year old and should extend into 2022, backed by a coordinated global upswing supporting commodity demand.

” “The surge in global bond yields should support AUD/JPY, given the BoJ’s commitment to ‘around’ 0% yield for the 10 year JGB.This should reinforce the rebound in Australia’s domestic economy from a comparatively contained covid situation, with GDP recovering its pandemic losses by June 2021.

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