2024-12-19 16:12
IndustryYen Weakens Toward 160 as BOJ Holds Steady
The yen is on track to breach 160/USD after the BOJ held rates steady and Governor Ueda signaled no rush to hike, citing wage data uncertainty. Traders see 160 as a key intervention zone, with officials likely to jawbone if the level is tested.
The BOJ’s dovish stance, compared to the Fed’s hawkish 2025 outlook, has revived yen carry trades, with strategists at Saxo and Mizuho warning of volatility ahead. Analysts see USD/JPY facing resistance near 158-160, as intervention risks rise.
#Forex #JPY #BankofJapan #USDJPY
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Yen Weakens Toward 160 as BOJ Holds Steady
| 2024-12-19 16:12The yen is on track to breach 160/USD after the BOJ held rates steady and Governor Ueda signaled no rush to hike, citing wage data uncertainty. Traders see 160 as a key intervention zone, with officials likely to jawbone if the level is tested.
The BOJ’s dovish stance, compared to the Fed’s hawkish 2025 outlook, has revived yen carry trades, with strategists at Saxo and Mizuho warning of volatility ahead. Analysts see USD/JPY facing resistance near 158-160, as intervention risks rise.
#Forex #JPY #BankofJapan #USDJPY
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