2024-12-25 15:44
IndustryUeda Cautious as Yen Dips Before BOJ Decision
BOJ Governor Ueda avoided committing to a January rate hike, emphasizing the need to monitor economic risks and data, including spring wage talks. The yen dipped to 157.37/USD following his dovish remarks, easing pressure for immediate intervention.
Market odds for a January hike stand at 46%, with 82% expecting a move by March. Ueda's cautious tone leaves options open, balancing inflation risks with concerns over deflation and political uncertainties.
#USDJPY #BOJ #Yen #InterestRates #MonetaryPolicy
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Ueda Cautious as Yen Dips Before BOJ Decision
| 2024-12-25 15:44BOJ Governor Ueda avoided committing to a January rate hike, emphasizing the need to monitor economic risks and data, including spring wage talks. The yen dipped to 157.37/USD following his dovish remarks, easing pressure for immediate intervention.
Market odds for a January hike stand at 46%, with 82% expecting a move by March. Ueda's cautious tone leaves options open, balancing inflation risks with concerns over deflation and political uncertainties.
#USDJPY #BOJ #Yen #InterestRates #MonetaryPolicy
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