USD/JPY 160 degree – potential BOJ intervention, charge hike

I posted earlier on Citi eyeing the 160 degree in USD/JPY:

• ICYMI – Citi base case is for no USD/JPY intervention earlier than 160

MUFG are additionally eager on that space:

• threat of intervention and/or the Financial institution of Japan elevating earlier would rise if USD/JPY moved above 160.00
• BoJ Governor Ueda’s remarks on Monday match with our forecast for the subsequent charge hike to be delivered in January
• BoJ may have taken encouragement from final week’s knowledge on the most recent GDP reportshowing a lot stronger than anticipated personal consumption development in Q3 2024

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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