JP Morgan is currently recommending selling the US dollar against the yen, as the short-term risks support demand for the yen and the long-term economic outlook suggests a decline for the dollar.
Bank experts indicated that flows from the Japanese yen have declined over the past two weeks, reducing what used to be a major obstacle against the currency’s appreciation.
The bank also recommends monitoring political developments as trade tensions between the US and China threaten US stock performances and therefor support JPY gains
