On April 5, Morgan Stanley said that after the announcement of reciprocal tariffs, if economic data weakens and traders believe that the risk of a recession in the United States increases, the yen will rise about 7% against the dollar. Morgan Stanley's team, including Koichi Sugisaki, recommended going long on JPY and adjusted the targets: short USD/JPY at 146.40 with a target of 135 (previously 145) and a stop loss at 151; Short CHF/JPY at 171.30 with a target of 160 and a stop loss at 180.
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Morgan Stanley raised the target for going long on the yen due to concerns about a U.S. economic recession.
On April 5, Morgan Stanley said that after the announcement of reciprocal tariffs, if economic data weakens and traders believe that the risk of a recession in the United States increases, the yen will rise about 7% against the dollar. Morgan Stanley's team, including Koichi Sugisaki, recommended going long on JPY and adjusted the targets: short USD/JPY at 146.40 with a target of 135 (previously 145) and a stop loss at 151; Short CHF/JPY at 171.30 with a target of 160 and a stop loss at 180.