On December 19th, Kinsey data learned that Christopher Wong, forex strategist at Overseas Chinese Banking Corporation, said that given the Federal Reserve's firm stance, this was a good time for the Bank of Japan to raise interest rates, but the Fed's pause and the Bank of Japan's reluctance suggest that the dollar/yen may face upward pressure. Price-related data and labor market reports continue to support the Bank of Japan's rate hike. The Fed's meeting yesterday was more hawkish, which should also give policymakers at the Bank of Japan some confidence in raising interest rates today.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
OCBC Bank: This was originally a good opportunity for Japan's Central Bank to raise interest rates.
On December 19th, Kinsey data learned that Christopher Wong, forex strategist at Overseas Chinese Banking Corporation, said that given the Federal Reserve's firm stance, this was a good time for the Bank of Japan to raise interest rates, but the Fed's pause and the Bank of Japan's reluctance suggest that the dollar/yen may face upward pressure. Price-related data and labor market reports continue to support the Bank of Japan's rate hike. The Fed's meeting yesterday was more hawkish, which should also give policymakers at the Bank of Japan some confidence in raising interest rates today.