The Yen weakened in October versus the US Dollar to levels above 150.
00. Economists at MUFG Bank analyze Yen’s outlook. Yen weakness to persist but peak rates globally should halt slide We outlined in September the prospect of negative interest rate policy ending in January 2024 and this remains plausible.
The end of NIRP in Japan would be a very significant development and if we are correct that this happens in January at around the same time as investors price more rate cuts in the US and Europe, we see scope for the Yen selling to come to an end. This should mark the turning point to Yen strength reinforced by the renewed increase in Japan’s current account surplus. EUR/JPY – Q4 2023 151.50 Q1 2024 151.80 Q2 2024 152.30 Q3 2024 150.10 USD/JPY – Q4 2023 145.00 Q1 2024 138.00 Q2 2024 136.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/JPY: A reversal of widening yield differentials with the US should support the YenThe Bank of Japan (BoJ) tweaked its yield curve control policy (YCC).
Baca lebih lajut »
Japanese Yen Craters after BoJ Fails to Appease Bears, USD/JPY & EUR/JPY SoarThe Japanese yen tanks on Tuesday, sending USD/JPY and EUR/JPY sharply higher after Bank of Japan’s monetary policy announcement fails to live up to market expectations.
Baca lebih lajut »
USD/JPY pinned into the high end near 151.80 after dobish BoJ leaves Yen to flounderThe USD/JPY is inches away from setting a new three-decade high as the pair trades into 151.
Baca lebih lajut »
Japanese Yen (USD/JPY) Nearing a 33-Year High on Further Stimulus TalkAccording to a Bloomberg report, Japanese Prime Minister Kishida is readying a 21.8 trillion Yen stimulus package, a move that may see the currency weaken further
Baca lebih lajut »
USD/JPY Price Analysis: Remains above 151.00 post retreating from a yearly highUSD/JPY consolidates near 151.20 during the European session on Wednesday, pulling back from the recent yearly high of 151.
Baca lebih lajut »
USD/JPY retreats from the yearly high, hovers above 151.00USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the yearly high marked after the Bank of Japan (BoJ) removed the 1% ceiling for the 10-year government bond yield on Tuesday.
Baca lebih lajut »