The Yen has weakened further following the BoJ’s latest policy meeting. Economists at MUFG Bank analyze JPY outlook. Lack of push back from BoJ leaves
The Yen has weakened further following the BoJ’s latest policy meeting. Economists at MUFG Bank analyze JPYThe BoJ left their policy settings unchanged. There has been a pick-up in speculation recently over the possibility of the BoJ bringing forward rate hike plans. However, the comments from Governor Ueda today appear to have been carefully crafted not to further encourage those expectations.
It leaves the Yen vulnerable to further weakness in the near-term. However, the move higher in USD/JPY will continue to be dampened by the heightened risk of intervention from Japan to support the Yen.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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