More data from the Bank of Japan’s June Tankan survey.
A look at where major Japanese firms expect the USD/JPY to average in fiscal year 2014 (the FY that began April 1, 2014):
- Large vehicle makers expect the dollar-yen rate to average 100.07 for fiscal 2014 (very little changed from the Y100.02 they had for the March survey)
- Large automakers expect USD/JPY to average 100.07 in H1 and 100.06 for H2
- Major Japanese electronics firms, meanwhile, forecast 100.04 (up a little from 99.00 as of the March Tankan survey); they expect USD/JPY to average 100.19 in H1 and Y99.91 in H2
