The Japanese yen is expected to strengthen by approximately 7% against the US dollar, according to Morgan Stanley.
This prediction comes as a response to potential weakening economic data and the increasing likelihood of a US recession due to recent reciprocal tariff announcements.
Morgan Stanley’s team, which includes Koichi Sugisaki and David Adams, suggests two long yen trades with revised targets.
First, they recommend shorting USD/JPY at 146.40 with a target of 135, down from the previous target of 145, and a stop at 151. The second recommendation is to short CHF/JPY at 171.30 with a target of 160 and a stop at 180.
This prediction comes as a response to potential weakening economic data and the increasing likelihood of a US recession due to recent reciprocal tariff announcements.
Morgan Stanley’s team, which includes Koichi Sugisaki and David Adams, suggests two long yen trades with revised targets.
First, they recommend shorting USD/JPY at 146.40 with a target of 135, down from the previous target of 145, and a stop at 151. The second recommendation is to short CHF/JPY at 171.30 with a target of 160 and a stop at 180.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.