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MUFG expect the Bank of Japan to abandon YCC by July 2023 - but here is the risk
This via MUFG on the yen and also on Bank of Japan policy ahead.
MUFG note the strong up move in USD/JPY and say there is room for a further upside move near term.
On the Bank of Japan, MUFG reiterate their view that the Bank will "abandon Yield Curve Control in Q2". A risk they note, though, is that it "could take longer to make further adjustments to YCC".
With the FX implication that:
- "It leaves the Yen vulnerable to weakness in the near-term while yields ou... Read More
Posted: Feb 27 2023, 22:22
Author Name: forexlive
Views: 102237
