USD/JPY is likely to be capped around 132/133 – TDS USDJPY BOJ Banks
“BoJ kept policy unchanged in a unanimous vote quelling speculation of a widening or even dismantling of the YCC band. BoJ revised higher its inflation forecasts and revised growth lower. BoJ will continue large-scale bond buying and increase it on a flexible basis if needed. This suggests that the Bank will defend the YCC target for now.” BOJ
“Short squeeze in USD/JPY following the BoJ hold. We expect some limitations to this move however as a BoJ policy change is still likely this year. That implies better levels to get short USD/JPY again.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY to test 2015 peak of 125.85/124 – SocGenUSD/JPY hit an eight-month low at 127.24. Next objectives are at projections of 126.80 and 2015 levels of 125.85/124.00, economists at Société Général
Read more »
USD/JPY will overshoot regardless of whether the BoJ makes further adjustments – SocGenThe biggest over-shooter in FX is the Yen. Kit Juckes, Chief Global FX Strategist at Société Générale, thinks USD/JPY 115 is a reasonable target. Buyi
Read more »
USD/JPY pares intraday recovery gains, hangs near multi-month low set earlier this MondayUSD/JPY pares intraday recovery gains, hangs near multi-month low set earlier this Monday – by hareshmenghani USDJPY Fed Inflation BOJ Currencies
Read more »
USD/JPY can trade down to 126.50 before BoJ’s meeting – INGThe Japanese Yen remains very much in demand ahead of Wednesday's BoJ decision. In the view of economists at ING, the USD/JPY pair could slump to 126.
Read more »
Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
Read more »
USD/JPY Price Analysis: Bulls on course for a 129.50 targetAs per the prior analysis, USD/JPY bulls move in and eye a correction towards 129.50, USD/JPY has indeed corrected higher and remains in the hands of
Read more »