Societe Generale Raises Doubts on Sustained USD/JPY Gains as Yen Dips to 18-Month Low
The Japanese yen has recently weakened to an 18-month low against the US dollar, with USD/JPY retreating from a one-year peak amid concerns over Japan's fiscal policy and forthcoming elections. Societe Generale highlights that this decline could be near its end, urging caution for traders confident in further currency depreciation.