- Analytics
- News and Tools
- Market News
- USD/JPY to push ahead to 152 and prompt aggressive FX intervention – ING
USD/JPY to push ahead to 152 and prompt aggressive FX intervention – ING
USD/JPY is higher after the BoJ made the lightest of tweaks to its Yield Curve Control policy. Economists at ING analyze the pair’s outlook.
The BoJ's in no rush to exit YCC
One gets the sense from the BoJ that it is wary of JGB yields spiking, and that is why it is acting so very carefully here. At the same time, the change in inflation forecasts was insufficient to support views of an exit to YCC policy. CPI ex-food – which is BoJ's target – is still forecast at 1.7% in FY25 – i.e., not above 2% in a stable manner.
Today's BoJ meeting has not triggered the reset on how we view the Yen and the risk is now that USD/JPY pushes ahead to 152 and prompts the central bank into aggressive FX intervention.
© 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
