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[Mitsubishi UFJ Financial Group: Yen Has Further Downside Potential After Hitting Record Low Against Euro] Following The Yen's Fall To A Record Low Against The Euro, Mitsubishi UFJ Financial Group (MUFG) Believes The Yen's Decline Could Extend Into Next Year As The Euro Is Expected To Continue Outperforming In The Coming Months. The Euro/yen Pair Hit A Record High Of 180.10 On Tuesday; Mitsubishi UFJ Financial Group Expects The Euro/yen To Rise As High As 185 By Mid-2026. "We Maintain Our Bullish Outlook On The Euro/dollar," Said Lee Hardman, Senior Foreign Exchange Strategist At MUFG. He Expects The Euro/dollar To Rise To $1.26 In The Third Quarter Of 2026, As The Fed May Take More Aggressive Rate-cutting Actions After Jerome Powell's Successor Is Identified, Putting Pressure On The Dollar. With Increasing Short Positions In The Yen, Hardman Believes The Risk Of A Sharp Reversal Is Also Rising Should The Market Suddenly Turn Around

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