Morgan Stanley's foreign exchange and interest rate strategist in Singapore Gareth Berry said that the yen may strengthen to around 1 USD: 120 over a period of 18 months or more, which means a 33% surge from the current level. This expectation will largely depend on the Fed lowering interest rates substantially to boost demand in the event of a major panic in the US economy.
麦格理预计日元有望升至120
Morgan Stanley predicts that the yen is expected to rise to 120.
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