JPY: Patient BOJ outlook amid easing inflation – BBH
Source Fxstreet
Brown Brothers Harriman (BBH) analysts note that the Bank of Japan can afford to be patient before raising rates, as inflation pressures are easing. Analysts suggest a potential decline in USD/JPY towards 140.00 by year-end, supported by US-Japan rate differentials.
BOJ maintains patient stance on rates
"The Tokyo January CPI print points to easing inflation pressures nationwide. Headline fell 0.2pts more than expected to 1.5% y/y (lowest since March 2022) vs. 2.0% in December."
"The Bank of Japan can afford to be patient before resume raising rates."
"We see room for USD/JPY to edge down towards 140.00 by year-end, the level implied by US-Japan rate differentials."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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