BUSINESS / Markets

Dollar could fall to around ¥130 in 2024, analysts say

The Bank of Japan's headquarters in Tokyo. In 2023, the dollar surged from around ¥130 at the start of the year to above ¥151.90 in mid-November as the gap between U.S. and Japanese interest rates widened on the back of the U.S. Federal Reserve's rapid rate hikes to curb inflation. | AFP-JIJI

Jiji

Dec 30, 2023

The dollar could fall as low as around ¥130 in 2024 amid monetary policy shifts in Japan and the United States, according to forecasts by eight prominent market analysts.

Six of the eight analysts predicted that the lower end of the greenback's range against the yen next year will be between ¥130 and ¥135.

Of the remaining two, one said that the U.S. currency might sink as low as ¥120, while the other said the currency's downside would be limited to ¥140.

Dollar could fall to around ¥130 in 2024, analysts say

In your social network

In your inbox

In your social network

In your inbox