Economists at BNP Paribas Research are revising their EUR/USD and USD/JPY targets as they expect a bearish dollar trend. THE UNITED STATES IS IN A MULTI-YEAR SLOW “We expect the strength of the USD to ultimately prove short-lived. Indeed, we believe the USD is in a multi-year low as portfolios become increasingly negative against the currency. „Turning positive yields in Europe and Japan may encourage local investors to return home. We note that they have accumulated significant US fixed assets since 201 . As evidence of these repatriation flows has emerged, we are lowering our USD forecasts and now expect EUR/USD .rise To 1.1 : By the end of 2023 and USD/JPY falls to 121.
