Rabobank: USD/JPY may fall to 148 in year on resilient economy

Rabobank's call hinges on the dollar-yen pair sliding to 148, a level that would mark a notable yen appreciation. The reasoning centers on economic resilience, implying that a sturdy global backdrop may reduce safe-haven demand for the dollar while supporting the yen. This matters for currency traders and corporates with yen exposure, as it signals a potential shift in relative strength. The open question is whether the resilience cited is broad-based or U.S.-specific, which would alter the pair's trajectory.