Qatar National Bank (QNB) expects the Japanese yen to witness a significant rise and a partial reversal in the continuing weakness in its value in the medium term.
The bank said in its weekly report that the picture of the real effective exchange rate for the current month of November indicates that the yen is valued at less than 30% of its fair value.
The report expected that conditions would encourage recovery of the Japanese yen in the medium term, and that interest rate differentials would move in its favor during the next few quarters.
