Credit Agricole CIB raises year-end call for USD/JPY to 125 from 123

A note from Credit Agricole CIB

• They cite their expectation for the Bank of Japan to ease further on October 30 (they'd previously expected January 2016)
• Say USD/JPY could gain by 500 points
• But lingering risk aversion, more subdued outlook for U.S. rates could limit USD/JPY gains beyond 125 for now
• Further out, stock market gains & Fed tightening should push USD/JPY higher still

via Bloomberg.

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Big call. I'd be happy if USD/JPY did anything much at all :-D