Currency markets were jolted over the last month by the JPY gains, with our 3-month USD/JPY forecast met a bit sooner than we were looking for. We expect a bit of consolidation and then further JPY gains across the board. Other core FX rates are expected to firm vs. the USD over the coming months, with the Fed's Jackson Hole gathering on 22-24 August worth watching for rate signalling now. If you would like to read our report, contact us at info@tricio-advisors.com.
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