The USD/JPY is consolidating around 150.00, BBH’s currency analysts report.
The BOJ will upload the rates in less than 75 basic points in the next three years
“The Tankan business feeling survey of the first quarter of Japan reinforces the case for a gradual normalization cycle of the Bank of Japan (BOJ). The index of business conditions of all industries stood at 15 per second consecutive quarter, the highest from the fourth quarter of 2018, and points to an additional recovery in the growth of real GDP. The Swaps market still implies less than 75 points of 75 points. Basics of BOJ rates ups in the next three years, which represents a wind against continuous for the JPY. “
“The details of the Tankan survey showed that the index of large manufacturing fell in line with the consensus by 0.2 points up to a minimum of one year of 12, but the index of small manufacturing increased unexpectedly by 1 point to 2 (consensus: -1).”
“Meanwhile, non -manufacturing large and small indices are both at their highest level from the third quarter of 1991. Finally, inflation expectations for all companies increased 0.1 points in the next one, three and five years to 2.5%, 2.4%and 2.3%, respectively.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
