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Goldman Sachs: We expect BOJ to tweak YCC this week, but see limited JPY rally

Goldman Sachs: We expect BOJ to tweak YCC this week, but see limited JPY rally
Goldman Sachs expects the Bank of Japan (BoJ) to make adjustments to the Yield Curve Control (YCC) at their upcoming meeting. However, the bank foresees a limited appreciation of the Yen following this adjustment, attributing the potential restraint to non-recessionary US growth, a backdrop of lower rate volatility, and anticipated reversal of cuts priced for the Federal Reserve over the next year.Key PointsBoJ YCC Adjustment: Goldman Sachs predicts that the Bank of Japan will make adjustm... Read More
Posted: Jul 24 2023, 17:38
Author Name: forexlive
Views: 080849

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