Focus - Currency Matters April 2023

Central bank activity and perhaps more important, signalling, are in focus over the next few weeks. The BoJ, RBA, Fed, ECB and BoE are all lined up... Our view for 2023 remains the same as we look for choppy USD losses that should see the EUR/USD push towards $1.20 and the JPY firm through Y125. Cable is expected to break towards $1.30 and higher as well.