Citi have lowered their USD/JPY forecast to 103 (previously at 108)

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Eamonn Sheridan

17/01/2019 | 01:20 GMT

Citi's forecast is for the 6 to 12 month horizon

Citi citing reasoning:

global markets risk off sentiment
yen is "very cheap" against its long term long-term fair value and against the euro
look for UST yields to fall as slowing global economy

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