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HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023

HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023

HSBC's Bank of Japan outlook, in brief from a note.

HSBC target H1 2023 for the Yield Curve Control (YCC) range to expand once more, but say they can't pinpoint the exact date.

On the yen, HSBC note other likely domestic developments that could cause USD/JPY to fall this year. Including:

  • resident investors FX-hedging their foreign investments
  • an improvement in Japan's balance of payments in the midst of JPY undervaluation (based on its real effective exchange r... Read More
Posted: Feb 7 2023, 23:54
Author Name: forexlive
Views: 102229

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