Forex Analysis by Matthew Weller covering: US Dollar Japanese Yen. Read Matthew Weller's latest article on Investing.com
BOJ Governor Ueda characterized the outcome of next month’s monetary policy meeting as “unpredictable,” re-opening the door for a potential interest rate hike.
Markets got a wakeup call in today’s Asian session when BOJ Governor Ueda characterized the outcome of next month’s meeting as “unpredictable.” He went on to stress that, According to OIS traders, the BOJ is now seen as a coinflip for a 25bps rate hike in December whereas a Fed interest rateDepending on how the economic data comes out , USD/JPY traders could be looking at either a similar interest rate differential or a notably tighter one in four weeks’ time.has been trending consistently higher within a bullish channel since bottoming in mid-September, though that channel may be vulnerable to a breakdown as we go to press.
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