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USD/JPY around 145 could be the trigger for Bank of Japan policy change

UBS SuMi TRUST Wealth Management in Japan with comments on the yen and a likely level to watch:Any rapid yen weakening, like toward 145 (to the U.S. dollar) in the short-term, might trigger an early (policy) adjustment as the BOJ is in favour of a stable yen move in tandem with the fundamentals,On the 'early policy adjustment', SMBC Nikko Securities:we should be on guard against the scrapping of yield curve control in July when the BOJ releases its quarterly outlook report and likely revises upw... Read More

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Posted: Jun 27 2023, 01:48

Author Name: forexlive

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