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A weak Yen is aiding the Bank of Japan’s inflation objective for now by dislodging the deflationary mindset. But homegrown inflation needs further wage increases and investment. The Bank of Japan (BoJ) raised rates at its March meeting. Since then, the Yen has held above USD/JPY150, a level traditionally regarded as a trigger for intervention. […]

The post Yen Appreciation and Policy Normalisation are Still Some Way for Japan appeared first on Action Forex.

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04/04/2024

Preview of RBNZ: Nothing to See Here

We expect the RBNZ will leave the OCR at 5.5% at its April policy review. We think the RBNZ will remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. GDP growth was slightly weaker than expected – but the impact is very marginal compared to past quarterly forecast misses. The inflation […]
22/07/2024

USD/JPY: Another Potential Relief Rally Leg Looms for JPY

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29/07/2024

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