- Analytics
- News and Tools
- Market News
- USD/JPY: Hawkish Fed likely to limit scope for Yen appreciation – Rabobank
USD/JPY: Hawkish Fed likely to limit scope for Yen appreciation – Rabobank
USD/JPY has been subjected to a bout of volatility on reports that Kazuo Ueda will be the next BoJ Governor. But economists at Rabobank stick to their USD/JPY forecast.
Scope for a move to USD/JPY 128 on a three-month view
“Given what is known so far, a Bank of Japan with Ueda at the helm has not altered our view of BoJ policies. We continue to expect a very cautious outlook to prevail with conditions building for a modest withdrawal of accommodation this year. We expect this would commence with an adjustment to YCC.”
“Bearing in mind that other central banks are already edging towards peak interest rates and could be cutting rates in 2024, there may only be a limited time-frame for the BoJ to tighten policy without causing undue stress on the JPY exchange rate.”
“Assuming some relaxation in YCC, we see scope for a move to USD/JPY 128 on a three-month view. However, a hawkish Fed is likely to limit scope for JPY appreciation.”
© 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
