The USD/JPY has faded over 144.00, as Dovish Boj signals and reduced predictions strengthen the view that the Japanese rate hiking cycle is close to the end, BBH FX analysts reports.
Boj -minutes signal less hikes in front
“The USD/JPY is over 144.00. March 19th meeting Japanese bank will further strengthen the case that it is unlikely to have much more to assess. One BOJ member warned that BOJ may need to need to hike after the next political interest rate” from its current adaptation opportunity to neutral monetary policy. ”
“After this March meeting, Boj softened his Hawkih in the May 1st meeting, reducing its growth and inflationary forecasts. The exchange market means only one 25m BPS hike to 0.75% for the next two years. USD/JPY has good technical resistance 145.00.”
