USD/JPY: More yen pain could catch Japanese firms off guard – Reuters poll – by anilpanchal7 USDJPY Japan BOJ SentimentPoll RiskAppetite
Key findingsThe survey was conducted before Japanese authorities this week gave strong indications that they were uncomfortable with the currency's sharp declines and appeared to be preparing to intervene to prop it up. On Wednesday, the yen was at 143.62 to the dollar.
Some 11% put it at 126-130, while 3% set it at 120-125. Only 13% saw it weakening further from 141, meaning many firms could be put on the back foot if the currency were to weaken again. A slim majority said they don't expect the government's easing of border controls to help inbound tourism recover.The Reuters Corporate Survey, conducted for Reuters by Nikkei Research, canvassed around 500 big non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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