The critical Bank of Japan policy decision that is broadly awaited by investors on Wednesday could lift the Yen as much as 5%, according to analysts and economists.
The BoJ meeting poses further upside risks to the JPY. If the BoJ decides on further YCC adjustment, we estimate that the Yen could appreciate by as much as 5%.
Even if inaction leads to a knee-jerk USD/JPY rally, expectations for revision will likely remain intact and USD/JPY could stay on a downtrend, especially amid broad USD weakness.
Home / Market Update / Forex Market / Yen expected to soar if BoJ decides on additional YCC adjustment
Check Also
IMF Raises China’s Economic Growth Target to 5% in 2024
China’s 2024 economic growth target was raised by the International Monetary Fund from 4.6% to …