Eurizon：当前日元套利交易“规模庞大”

Core Viewpoint - The narrowing of interest rate differentials may be a potential trigger for the decline in the USD/JPY exchange rate, with expectations of faster rate hikes by the Bank of Japan and quicker rate cuts by the Federal Reserve in the next 12 months [1] Group 1 - Eurizon SLJ Capital highlights the significant scale of yen carry trades, indicating a notable risk of sudden unwinding of these trades [1] - The conservative target price for the USD/JPY currency pair over the next 2-3 years is set at 125 by Eurizon [1]