BoJ Hike Fails to Sway USD/JPY as Rabobank Sees Support from Reforms
Rabobank's three-month FX forecast for USD/JPY is 154.00, below Friday's close near 156.88.
The forecast was set before Friday's Bank of Japan decision to hike interest rates, which didn't satisfy Yen buyers' expectations.
Rabobank's optimism about economic reforms in Japan helping sustain USD/JPY around current levels is being put to the test as the target becomes more demanding after a recent move.