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Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Bullish Outlooks Under Threat
Over the weekend, BOJ Governor Ueda hinted that the central bank could make a “quiet exit” from negative interest rates by the end of the year. While such a development would mark a big change from the central bank’s monetary policy of late (the country’s target rate has been pinned to -0.1% since the start of 2016), traders aren’t necessarily confident this will mark the beginning of an expansive new rate hike cycle. Indeed, traders currently expect the BOJ’s target rate to sit at roughly (positive) 0.1% a year on from now, which when other central banks are adjusting rates by 25bps increments monthly, ... (full story)
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