View full page at forexfactory.com

 

US Dollar-Yen: Bank of Japan Changes Can Reinforce Cap at 150

From poundsterlinglive.com

The Dollar to Yen exchange rate is unlikely to breach the 150 level thanks to a potential shift in policy at the Bank of Japan that will allow a critical bond yield to test levels above 1.0%, in turn providing offering support to the JPY. This is according to a new analysis from Rabobank, which says incoming news strongly hints at another shift in settings at Japan's central bank in a direction that will support the domestic currency. "Given the potential issues involved with maintaining its yield curve policy at current settings and the risk that JPY weakness would accentuate any further strength in oil prices, we ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis