Mitsubishi UFJ: The Bank of Japan needs to signal future interest rate hikes to boost the yen significantly

Sina Financial News Analysts at Mitsubishi UFJ said that even if the Bank of Japan ends its negative interest rate policy and yield curve control (YCC), tomorrow’s meeting of the Bank of Japan may not be a decisive turning point to boost the yen. “The Bank of Japan will have to release more confidence that further tightening is needed to trigger a stronger yen,” they said in the report. "MUFG currently expects the Bank of Japan to raise interest rates only once more in the fourth quarter of this year. USD/JPY is expected to fall against the Japanese yen in the second half of the year, but this will also require the Fed to cut interest rates closer to 4.00%.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)