Analysts at Rabobank share a brief outlook for the USD/JPY pair.
BoJ may be able to hike rates again later this year Current USD strength is built around the expectation that Fed rates will stay stronger for longer. The greenback has also likely been boosted by safe-haven demand stemming from fears of an escalation of the Middle East crisis. Weaker US data and a reining in of concerns over the Middle East would both be useful in stemming USD strength. That said, it is our central view that the USD will remain relatively firm.
Alternatively, stronger Japanese economic data and a boost to expectations that the BoJ may be able to hike rates again later this year would lend the JPY some broad-based strength. Earlier today, comments from BoJ dove Noguchi indicated that he was in no rush to hike rates again. That said, assuming that Japanese real household incomes turn positive later this year, we see risk that another BoJ rate hike could follow. This, however, is unlikely for some months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying LevelsJapanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play
Read more »
USD/JPY trades with mild losses below 155.00 on risk-aversionThe USD/JPY pair trades with mild losses near 154.65 on Wednesday during the early Asian trading hours.
Read more »
USD/JPY pushes up to within touching distance of 152.000, analysts bullishUSD/JPY is edging higher into the 101.90s on Tuesday. The latest move comes after a speech by the Governor of the Bank of Japan (BoJ) Kazuo Ueda in which he suggested that any future interest rate hikes – a key FX-market driver – would be highly dependent on incoming data.
Read more »
USD/JPY advances on strong US Dollar, higher US yieldsThe US Dollar clocks gains versus the Japanese Yen in early trading during the North American session.
Read more »
'Mr Yen' says Japan could intervene if yen falls to 155Eisuke Sakakibara, known as 'Mr Yen' for his previous influence on the Japanese currency. He is a former Japan vice-minister for finance and international affairs.
Read more »
Corvette driver was going 155 mph before hitting, killing motorcyclist: court documentsA woman driving a Corvette was allegedly going more than 150 miles per hour when she struck and killed a motorcyclist along a Mesa freeway.
Read more »