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Mizuho Securities: The hawkish attitude of the Central Bank of Japan's meeting this month will be lower than expected
On July 18, Jin10 Data reported that if the Federal Reserve only cuts the Interest Rate by 50 basis points by the end of this year, the USD/JPY exchange rate seems to be reasonable at around 155. Shoki Omori, chief strategist in Tokyo at the bank, said that the hawkish attitude of the Bank of Japan at its July meeting will be lower than expected by overseas investors. Trading opportunities for the yen against other currencies (including the Australian dollar and pound) may be more than against the US dollar, and the yen against the US dollar may resume its decline after the impact of Trump’s currency speech and comments by Taro Kono, the digital minister, on the weakness of Japan’s currency has faded.