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Having reservations about the latest yen rally on BOJ Ueda's remarks?

I am sympathetic to the above argument and I outlined my reasons earlier here. BlackRock also made mention earlier in the day that they don't see any major shifts by the BOJ, with expectations for any interest rate changes still anchored around March next year. Adding that Ueda has been rather pragmatic and conservative so far during his tenure, which I also agree.Meanwhile, Mitsubishi UFJ also made the argument that perhaps Ueda's hawkish comments were intended to keep yen depreciation in check...
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Posted: Sep 11 2023, 08:59
Author Name: forexlive
Views: 091390