USD/JPY outlook: Regime shifts, rate cycles and macro sentiment (2016-2026)
In this article, we analyse USD/JPY through the lens of domestic US and Japan rates sentiment, testing whether FX has kept pace with the compression in the 2-year spread. For discretionary macro and systematic desks, we combine bond market pricing with cross-sectional policy analysis to assess whether the next regime shift is already underway, or … Read more