Subscribe To
Commerzbank's two factors that'll prompt a weaker yen if the BOJ holds steady policy
Commerzbank analysts argue that the Japanese yen will be impacted by two factors if the Bank of Japan monetary policy meeting once again doesn't produce any policy tweak/change: short-term, the carry disadvantage will put pressure on the currency; and long-term, there is a risk that inflation will become so entrenched that monetary policy won't be able to control it without suffering significant fiscal fallout.Commerzbank lays out a very pessimistic potential risk, saying that uncertainty around...
Read More
Posted: Jul 24 2023, 23:34
Author Name: forexlive
Views: 080849