Bloomberg report on the views of JPMorgan's Tohru Sasaki, Tokyo-based head of Japan markets research
- Sees USD/JPY to 110 in 2016
- Sees the equilibrium at "below 100" but says this doesn't see that as meaning it's the end of the recovery in corporate profits
- "What investors like to hear is that the yen is weak and stocks are up -- but if everyone's constantly betting that way, at some point they're going to get burned"
- "It's possible that equity prices keep going up forever, because everyone is working to maximize their returns. But in the forex market, it will never happen -- there's an up and down."
His comments are part of the latest Bloomberg survey on USD/JPY. he was most bullish on the yen
- 60 forecasts compiled
- The consensus call is at 125
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