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Analyzing the Bloomberg FXFC screen below, what is the most accurate assessment of the value and forecasted trend for the EURO against the Japanese Yen
Analyzing the Bloomberg FXFC screen below, what is the most accurate assessment of the value and forecasted trend for the EURO against the Japanese Yen (JPY) from 2023 through 2027? The EURO is currently worth much more than the JPY, but its value is expected to slightly decline against the JPY The EURO is currently worth much less than the JPY, and its value is expected to decline against the JPY The EURO is currently worth much more than the JPY, and its value is expected to increase against the JPYContributor Bloomberg Composite Region G10 As of 06/05/23 Spot Q3 23 04 23 Q1 24 02 24 2024 2025 2026 2027 11) Euro EURUSD Forecast 1.10 1.12 1.12 1.15 1.15 1.17 1.18 1.15 Forward 1.07 1.08 1.08 1.09 1.09 1.10 1.10 1.11 1.12 12) Japanese Yen USDJPY Forecast 131 129 127 126 122 121 120 120 Forward 140 137 135 133 132 129 124 120 116 13) Japanese Yen EURJPY Forecast 145 143 141 142 140 139 139 140 Forward 150 148 146 145 144 141 137 133 130 14) British Pound GBPUSD Forecast 1.25 1.26 1.26 1.28 1.29 1.30 1.25 1.25 Forward 1.24 1.24 1.24 1.24 1.24 1.23 1.22 1.21 1.20 15) British Pound EURGBP Forecast 88 88 188 .87 88 189 90 93 Forward 86 .87 .87 188 88 189 91 92 93 16) Swiss Franc USDCHF Forecast 91 91 91 .91 90 .89 91 93 Forward 91 89 .89 188 .87 .86 .85 83 81 17) Swiss Franc EURCHF Forecast 98 1.00 1.01 1.04 1.05 1.01 1.04 1.07
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