Commerzbank hint at the potential for more Japanese intervention to support the yen ...Middle East

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Justin brought us up to speed on the latest from the Bank of Japan:a supporting document to their rate hike yesterday and reaffirms the current policy path they are on.Via a snippet from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favours further interest-rate rises, and is thus JPY supportive: BOJ doesn’t expect its policy path to lower inflation or hurt growth to too great an extent, and also have this to say on even more intervention:“In the short term, with such a reaction function, there should be little to argue against the yen—especially if the Japanese Ministry of Finance also takes advantage of appropriate moments to intervene”-Up --As an aside,

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Last updated : 02 August 2024 clock 12:53 AM

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Commerzbank hint at the potential for more Japanese intervention to support the yen ...Middle East

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