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Sep 13, 2024
USD/JPY slides below mid-141.00s, seems vulnerable near YTD low amid bearish USD
The USD/JPY pair weakens further below mid-141.00s during the Asian session on Friday and has now moved back closer to the YTD low touched earlier this week.
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Sep 13, 2024
Fitch expects BoJ interest rate at 0.75% by 2025
Fitch Ratings said in its latest report on the Bank of Japan’s (BoJ) policy outlook that the “BoJ could hike rates to 0.5% by the end of 2024, 0.75% in 2025 and 1% by end-2026.” Additional takeaways BoJ is bucking the global trend of policy easing and hiked rates more aggressively than we had anticipated in July.
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