JPY projections are explicitly not to be understood as a trade recommendation – Commerzbank

USD/JPY is no longer trading above the level of 150. Economists at Commerzbank analyze the pair’s outlook.

The difference between JPY projections and JPY buy recommendations

The sword of Damocles that is hanging over the Japanese currency has to be taken into consideration: the possibility that a restrictive policy aimed at fighting inflation may not be possible in Japan following years of ultra-expansionary monetary policy and in view of a treasury that is running frightening deficits.

Only those who are reasonably certain that this concern is unjustified can deduct trade recommendations from relatively moderate or positive JPY projections. I certainly am not. Our JPY projections are explicitly not to be understood as a trade recommendation!