Citi Projects EUR/JPY to Drop Below ¥175 Amid Near‑Term Rebound Risk

Citi’s foreign‑exchange team now expects the euro to slip under the 175‑yen level, even as it warns that a short‑term rally could still materialise. The bank’s outlook reflects the euro’s ongoing weakness and the yen’s continued strength, but it notes that market dynamics could reverse the trend in the near term.