- Analytics
- News and Tools
- Market News
- USD/JPY: Yen to recover most of its losses next year on BoJ's monetary policy shift – Nordea
USD/JPY: Yen to recover most of its losses next year on BoJ's monetary policy shift – Nordea
The discrepancy between monetary policy against the Bank of Japan and the rest of the G10 central banks is taking its toll on the yen. Thus, the JPY will remain weak until the BoJ shifts gears, economists at Nordea report.
Loose monetary policy is the problem for JPY
“FX intervention will not be looked upon as welcomed by the remaining G7 countries if Japan unilaterally decides to intervene, and we believe that the bar for actual intervention is quite high and that the JPY would need to come above 148 against the USD before a real intervention is in the cards.”
“What will stop the yen-weakening is a shift in monetary policy from the Bank of Japan. Such a shift could easily come when the current BoJ Governor Kuroda retires in April 2023. We thus expect the JPY, which is the worst G10 performer against the USD this year, to recover most of its losses next year.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
