According to Odaily, UBS has advised investors to buy the Japanese yen, forecasting that the yen will appreciate by more than 10% against the US dollar by the end of next year as speculative positions on the yen continue to decrease. The bank projects that the USD/JPY exchange rate will reach 145 by the end of this year and 130 by the end of 2025. Strategists Shahab Jalinoos and others at UBS suggest that further reduction in speculative positions could benefit low-yield currencies. They also noted that for the yen to fall back above 150, the market would need to be significantly mistaken about the extent of the US economic slowdown.