- Analytics
- News and Tools
- Market News
- USD/JPY could rise further – MUFG
USD/JPY could rise further – MUFG
USD/JPY is back below the 150.00 level. Nonetheless, economists at MUFG Bank expect the pair to rise further.
Yen sellers will remain reassured until the next BoJ policy meeting in December
Rising US interest rates continue to put upward pressure on the USD/JPY.
Concerns about currency intervention by the Japanese authorities have kept the USD/JPY from becoming entrenched at the psychologically significant 150 mark, but this level looks likely to be reached following the closely watched BoJ monetary policy meeting.
The BoJ revised its interest rate control policy again, essentially dismantling YCC. We see this as a stepping stone toward policy normalization, but BoJ failed to covey its true intentions to the foreign exchange market.
We expect Yen sellers will remain reassured until the next policy meeting in December, meaning the USD/JPY could rise further.
© 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
