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Rabobank's FX analyst Jane Foley indicates that USD/JPY is on a downtrend, with a year-end forecast of 145.00, despite recent corrective activity. The Bank of Japan's upcoming policy meeting is crucial, as any signs of rate hikes could impact the currency pair, while concerns over a slowing US economy and potential tariffs may temper JPY bullishness.
Rabobank's FX analyst Jane Folet notes that the USD/JPY has fallen below 156.00, influenced by rising expectations for a Bank of Japan rate hike. The currency pair's ability to stay below 155.00 hinges on U.S. tariff signals and BoJ Governor Ueda's upcoming comments, with a potential drop to 145 in the next year if rate hikes proceed cautiously.
BOJ Governor Ueda emphasized that wage trends will significantly influence the central bank's policy decisions moving forward. This focus on wages reflects a broader strategy to address economic conditions and inflation in Japan.
Ayase Ueda
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