BoJ Hawkish Pivot Reshapes Yen Outlook Against Dollar
Standard Chartered strategists now expect the Bank of Japan to deliver its next 25 basis point rate hike in September rather than October, and see the terminal rate reaching 1.75%.
USDJPY
Standard Chartered has revised its Bank of Japan rate outlook, pulling forward the expected next 25 basis point hike from October to September.
Strategists also raised their terminal rate forecast to 1.75%, up from 1.50%, reflecting a more hawkish BoJ stance.
The updated view reshapes the yen's outlook against the US dollar, with the earlier hike and higher terminal rate supporting a stronger Japanese currency.
Source: FXStreet Forex News