USD/JPY Forecast: Yen Surges on BoJ Monetary Policy Speculations
==========
Speculation about the July Bank of Japan monetary policy decision will likely intensify on Thursday, July 25; The Japanese Yen may awaken, with the BoJ considering a rate hike and cuts to Japanese Government Bond purchases; US GDP and jobless claims data may influence the Fed rate path on Thursday; On Wednesday, July 24, the Jibun Bank Services PMI increased from 49.4 to 53.9, boosting demand for the USD/JPY; The Bank of Japan recently stated the need for the services sector to drive inflation; A recent Reuters Poll showed that 76% of economists expect the BoJ to hold interest rates steady in July; The Bank of Japan needs to consider the effects of the weak Yen on import prices and household spending; The Bank of Japan will announce its plans to cut JGB purchases on July 31; A stronger Yen would address concerns about the effects of a weak Yen on the Japanese economy; US GDP figures will draw investor attention on Thursday; US Jobless Claims could influence investor bets on a September Fed rate cut; A more dovish Fed rate path would narrow interest rate differentials and signal a USD/JPY drop below 150.
#Usd/jpy #BankOfJapan #MonetaryPolicy #RateHike #JapaneseGovernmentBond #UsGdp #JoblessClaims #Inflation #InterestRates #Yen
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-yen-surges-on-boj-monetary-policy-speculations-1448599
FX Empire /
npub1lj…9zjdc
2024-07-25 01:26:15
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npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-07-25 01:26:15Event JSON
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"content": "USD/JPY Forecast: Yen Surges on BoJ Monetary Policy Speculations\n==========\n\nSpeculation about the July Bank of Japan monetary policy decision will likely intensify on Thursday, July 25; The Japanese Yen may awaken, with the BoJ considering a rate hike and cuts to Japanese Government Bond purchases; US GDP and jobless claims data may influence the Fed rate path on Thursday; On Wednesday, July 24, the Jibun Bank Services PMI increased from 49.4 to 53.9, boosting demand for the USD/JPY; The Bank of Japan recently stated the need for the services sector to drive inflation; A recent Reuters Poll showed that 76% of economists expect the BoJ to hold interest rates steady in July; The Bank of Japan needs to consider the effects of the weak Yen on import prices and household spending; The Bank of Japan will announce its plans to cut JGB purchases on July 31; A stronger Yen would address concerns about the effects of a weak Yen on the Japanese economy; US GDP figures will draw investor attention on Thursday; US Jobless Claims could influence investor bets on a September Fed rate cut; A more dovish Fed rate path would narrow interest rate differentials and signal a USD/JPY drop below 150.\n\n#Usd/jpy #BankOfJapan #MonetaryPolicy #RateHike #JapaneseGovernmentBond #UsGdp #JoblessClaims #Inflation #InterestRates #Yen\n\nhttps://www.fxempire.com/forecasts/article/usd-jpy-forecast-yen-surges-on-boj-monetary-policy-speculations-1448599",
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