BBH: BoJ Rate Hike Fully Priced In, USD/JPY Near 160.50
Brown Brothers Harriman notes that USD/JPY is trading tightly around 160.50, just below the late-April pre-intervention high, with a 25 bps Bank of Japan rate hike to 1.00% already fully priced in.
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Brown Brothers Harriman (BBH) analyst Elias Haddad reports that USD/JPY is moving within a narrow range near 160.50, just beneath the pre-intervention peak from late April.
A 25-basis-point rate increase by the Bank of Japan to 1.00% is already fully discounted by the market, limiting any significant impact from the current BoJ leadership vacuum. The pair remains constrained as traders await further catalysts.
Source: FXStreet Forex News