FXStreet Insights Team
28 Feb @ 11:15 (GMT+0)
BOJ to hike policy rate to 1.00% over the next two years – BBH
USD/JPY rallied above 150.00, BBH's FX analysts report.
BoJ normalization cycle to continue
"Tokyo February CPI inflation cools more than anticipated and supports the case for a gradual Bank of Japan normalization cycle. Headline CPI and core ex-fresh food inflation eased to 2.9% y/y (consensus: 3.2%, prior: 3.4%) and 2.2% y/y (consensus: 2.3%, prior: 2.5%). Core ex-fresh food and energy remained at 1.9% y/y (consensus: 2.0%, prior: 1.9%)."
"The market continues to imply about 50bps of BOJ policy rate hikes over the next two years to 1.00% which limits JPY upside."
Forex News
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.
