-
USD/JPY Forecast: Bulls Eye 151 on US Inflation and Fed Chatter
In late December 2023, the USD/JPY retreated to a Q4 low of 140.249. A robust US economy and US inflation overshadowed the market bets on a Bank of Japan pivot from negative rates. However, the Bank of Japan contributed to the USD/JPY return to 150. Recently, the Bank of Japan has sent mixed signals on the timelines for a pivot from negative rates. More significantly, the BoJ poured cold water over market expectations of a hawkish BoJ rate path. In February, the Bank of Japan Deputy Governor Shinichi Uchida alerted investors conditions are becoming ripe for a pivot from negative rates. However, the Deputy Governor ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 13, 2024 10:17pm Feb 13, 2024 10:17pm
- frioslegend
- | Joined Jun 2023 | Status: Member | 32 Comments
- Comment #2
- Quote
- Feb 13, 2024 11:10pm Feb 13, 2024 11:10pm
- GuideMe
- | Joined Feb 2024 | Status: Junior Member | 10 Comments
- Comment #3
- Quote
- Feb 13, 2024 11:41pm Feb 13, 2024 11:41pm
- bayugap
- | Joined Dec 2020 | Status: Member | 27 Comments