The Bank of Japan (BoJ) is getting closer to the end game, in the view of economists at TD Securities who expect USD/JPY to push to 135 in early 2024.
The Bank of Japan is getting closer to the end game, in the view of economists at TD Securities who expectThe BoJ is getting closer to pulling the trigger to end its negative interest rate policy . We believe the BoJ 2% inflation goal is clearly in sight, factoring in the latest inflation data and risks on the horizon. We expect the BoJ to end its Yield Curve Control policy at the Dec'23 meeting and exit NIRP in Jan'24 with a 10 bps hike in the policy balance rate.
Our accelerated timeline for BoJ normalization reinforces our out-of-consensus USD/JPY forecast, which sees a push towards 135 in early 2024.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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