The Bank of Japan (BoJ) has finally ended its eight-year reign of negative interest rates.
The Bank of Japan has finally ended its eight-year reign of negative interest rates. USD/JPY surged above 150.00 after the decision. Economists at ING analyze Yen’s outlook. BoJ lift-off underwhelms the Yen Gone are the negative interest rates, yield curve control and purchases of ETFs and Real Estate Investment Trusts. Instead, excess reserves at the BoJ will now be remunerated at 0.10% and the BoJ will target the overnight call rate in a range of 0.0%-0.1%.
The Yen sold off on the headlines that the BoJ would keep an accommodative policy for a while, but recent headlines are suggesting that further rate hikes may be forthcoming now that the virtuous link between wages and prices has been confirmed. The problem for the Yen, however, is that volatility remains exceptionally low and the carry trade exceptionally popular. USD/JPY may well trade in a 150.00-152.00 range for the time being , and a lower USD/JPY will have to be led from the Dollar side.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talksThe Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
Leer más »
Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy ExitCould March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.
Leer más »
Japanese Yen could weaken further if the BoJ delivers cautious forward guidanceUSD/JPY initially rose back above the 148.00 level just after the release of the US CPI report but has since fallen back towards 147.50.
Leer más »
Japanese Yen consolidates against USD as investors await BoJ policy moveThe Japanese Yen (JPY) struggles to gain any meaningful traction during the Asian session on Thursday and remains confined in the previous day's broader trading range against its American counterpart.
Leer más »
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend SupportDecades of ultra-loose monetary policy have put the Yen in a unique position among major currencies. But for how much longer?
Leer más »
Japanese Yen slides to over one-week low against USD, BoJ/Fed meetings in focusThe Japanese Yen (JPY) remains depressed for the fifth straight day on Monday and weakens further below the 149.00 mark, to over a one-week low against its American counterpart during the Asian session.
Leer más »