The USD/JPY briefly exceeded the psychologically significant level of 145.00 before going back, since the moderate comments of the governor of the Boj, Ueda, reinforced market expectations for normalization of slow and cautious policy. Although some inflation indicators exceed the projections of the BOJ, the underlying inflation remains moderate, limiting the urgency of rates increases, says the foreign exchange analysts of Société Générale.
Ueda del Boj is not in a hurry to harden
“The USD/JPY briefly rose above 145.00 before part of their profits. The governor of the Bank of Japan (Boj), Kazu 1.5% year -on -year and 1.6% year -on -year this year (graphic below). “
“In contrast, the CPI (all articles less fresh food and energy) increased to 3%year -on -year in April and is above the projection of the BOJ by 2025 of 2.3%. However, the swap market still implies only 50 basic points of increased increases in the box Continuous for the JPY. “
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.
