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USD/JPY Outlook: BoJ Gov Kazuo Ueda Likely To Assist Yen Say BNP Paribas

From exchangerates.org.uk

BNP Paribas forecasts the Bank of Japan (BoJ) to remain steady on its monetary policy in the upcoming meeting slated for 21-22 September. Nonetheless, the central bank's Governor, Kazuo Ueda, is projected to exhibit a somewhat hawkish stance, primarily to regulate the yen's depreciation. The Governor is also anticipated to express the bank's progress towards its price-stability objective. The core prediction remains that the BoJ will enact policy changes by April of the following year. However, there's a looming risk of a premature policy shift towards the end of 2023 or early 2024, especially if global economies ... (full story)

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