📝See USD/JPY Falling to 145.0: Rabobank

The JPY suffered a setback on the efforts of Bol Governor Ueda to rein back the recent rise in

JGB yields. However, it has comfortably maintained its position as the best performing G10 currency in the year to date.

The Bol's stance as the only G10 central bank with a tightening bias is clearly a source of support for the JPY.

The optimism expressed by some Bo policy members regarding the Japanese economy's growth potential has garnered support from recent better than expected economic data releases.

We maintain our year end forecast of USD/JPY145 and see downside risk to this view. We expect EUR/JPY to break below the 155 level on a 1-to-3-month view. - Rabobank