MUFG predicts a substantial decrease in the USD/JPY exchange rate over the course of 2024, citing factors including US yield developments, Japan’s aggressive inflation policies, and the Bank of Japan’s anticipated policy shifts. MUFG’s analysis indicates a significant potential drop in USD/JPY in 2024, driven by a combination of factors including US economic trends, Japan’s aggressive fiscal and monetary policies to combat inflation, and expected policy shifts by the BoJ. The forecasted decline in USD/JPY reflects the interplay of these domestic and international economic factors and central bank policies. For bank trade ideas, . For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. .