BBH: BoJ Hike Offers Limited Yen Relief
Brown Brothers Harriman expects the Bank of Japan to raise rates by 25 bps to 1.00%, but sees limited potential for a sustained yen rally.
USDJPY
Brown Brothers Harriman (BBH) expects the Bank of Japan to resume its tightening cycle with a 25 basis point hike, bringing the policy rate to 1.00%.
However, the firm warns that the move may offer only limited relief for the Japanese yen. BBH sees little scope for a sustained yen rally, suggesting any post-hike gains could prove short-lived.
Source: FXStreet Forex News