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The post Japanese Yen Faces Intervention Doubts And BoJ Rate Hike Risks, BBH Analysts Warn appeared on BitcoinEthereumNews.com. Japanese Yen Faces Intervention Doubts And BoJ Rate Hike Risks, BBH Analysts Warn Skip to content Home Forex News Japanese Yen Faces Intervention Doubts and BoJ Rate Hike Risks, BBH Analysts Warn Source: https://bitcoinworld.co.in/japanese-yen-intervention-doubts-boj-hike-risk-bbh/
The post Japanese Yen: Intervention doubts and BoJ hike risk – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman (BBH) Elias Haddad notes that USD/JPY has rebounded toward 157.75 after testing 155.00, with 160.00 described as a key line in the sand. Haddad says the Bank of Japan’s (BoJ) April Summary of Opinions did not materially shift rate expectations, though it signals a lower bar to hike. Markets still price about 75% odds of a 25 bps BoJ rate increase to 1.00% next month. Yen pressured as BoJ stays cautious “USD/JPY rebounded to 157.75 after testing a two-month low near 155.00 last week, with 160.00 remaining the major line in the sand on the topside. The Bank of Japan (BOJ) Summary of Opinions from the April 27-28 board meeting did not move the needle on rate hike expectations. The swaps market continues to price-in about 75% odds of a 25bps BOJ rate hike to 1.00% next month.” “The April Summary of Opinions reflected the 6 hold-3 hike votes split while signaling a
