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- "Given our forecast for higher US rates with risks still skewed to the upside, we continue to expect USD/JPY to move higher in the near-term towards our 3-month forecast of 117 (and may overshoot a bit if the Fed tightens more rapidly than currently priced),"
- "That said, as the Yen weakens further, the odds of JPY-related policy guidance are likely to increase, and, therefore, we do not expect to see a sustained depreciation trend,"
