- Analytics
- News and Tools
- Market News
- Allowing ongoing Yen depreciation would only reinforce PM Kishida’s current unpopularity – MUFG
Allowing ongoing Yen depreciation would only reinforce PM Kishida’s current unpopularity – MUFG
USD/JPY hit the highest level since 21st October last year. Economists at MUFG Bank analyze the pair’s outlook.
Intervention risks elevated ahead of BoJ meeting next week
A lack of intervention into the BoJ meeting next Tuesday would raise expectations of a policy change at that meeting – a scenario that is seen as increasingly possible.
There remains a high risk that we see some sharp stop-loss buying that fuels a bigger move that could then offer the Japanese authorities the opportunity to intervene.
Finance Minister Suzuki has also blurred the lines on what constitutes ‘excessive’ moves while domestically there is increasing incentive to be seen to act.
The LDP performed poorly in recent by-elections with voters unhappy with government policy to protect households from the cost of living crisis. Standing aside and allowing ongoing Yen depreciation would only reinforce PM Kishida’s current unpopularity.
© 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
