Strategists lower Euro forecasts, remain skeptical over Yen interventions – Reuters

Reuters’ latest poll of foreign exchange strategists indicates a slight downward adjustment in Euro (EUR) forecasts, accompanied by ongoing doubts about the efficacy of Japanese currency interventions. The survey projects the EUR/USD exchange rate at 1.15 in three months and 1.16 in six months, a decline from the July predictions of 1.16 and 1.17, respectively.

Despite this revision, the one-year projection stays constant at 1.18, indicating that analysts still anticipate a gradual appreciation of the euro over the long haul. The study also reveals a unanimous belief among the surveyed 58 foreign exchange strategists that Japanese government interventions alone would not be enough to halt the yen's downward trend.