USD/JPY could hit the 136/137 area over the next couple of weeks – ING

USD/JPY squeezes around 134.70. Economists at ING believe that the pair could surge higher toward the 136/37 zone in the next few weeks.

USD/JPY should be back towards 125/126 into the summer

“Our view is that this corrective Dollar bounce could carry the USD/JPY pair up to the 136/137 area over the next couple of weeks.”

“But assuming that we are correct with the US disinflation story dominating again in the second quarter of 2023, USD/JPY should be back towards 125/126 into the summer.”