Japanese Yen set to outperform in 2024 as JPY selling drivers reverse – MUFG

In January, the Japanese Yen (JPY) was the worst performing G10 currency. Economists at MUFG Bank analyze JPY outlook.

Carry attractiveness of the Yen will be diminished as volatility picks up

We maintain that the Yen will strengthen in 2024 as the drivers of JPY depreciation start to reverse – falling global inflation and yields, a rate hike and an end to YCC by the BoJ and a shrinking of the energy trade deficit will all add to Yen demand.

The carry attractiveness of the Yen will be diminished as volatility picks up, encouraging a liquidation of JPY short positions.

Feb 5, 2024

USD/MXN: Suggestions of an early Banxico cut unlikely to damage the Mexican Peso – ING

The Mexican Peso (MXN) is the only Latin currency to be up against the Dollar on a total return basis in 2024.

RBA Preview: Forecasts from eight major banks, tightening cycle over but rate cuts are not coming just yet

The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming central bank's decision.