USD/JPY retreats from 150.00 – BBH

avatar
· 阅读量 20

USD/JPY slipped to 148.50 after failing to hold above the 150.00 mark, as hawkish BOJ signals reinforced expectations of a rate hike at the October 30 meeting, BBH FX analysts report.

BOJ hawkish signals boost JPY

"USD/JPY is down near 148.50 after testing important psychological resistance near 150.00 on Friday. Bank of Japan (BOJ) board member Asahi Noguchi said 'the need to raise rates is increasing more than ever.' Recall, at the September BOJ meeting two of the nine board members (Takata Hajime and Tamura Naoki) favored a 25bps hike to 0.75%."

"Nogushi’s comment suggests the bar for the BOJ to resuming normalizing rates is low which bodes well for JPY. Our base case is for the BOJ to raise rates again at the next October 30 meeting (64% priced-in)."

Share: Feed news

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest