Hints of a change to BoJ's ultra-dovish monetary policy could see USD/JPY sell off again – ING

Market news

20 February 2023

Hints of a change to BoJ's ultra-dovish monetary policy could see USD/JPY sell off again – ING

USD/JPY gained nearly 300 pips last week. On Friday, BoJ Governor nominee Ueda speaks. Hints of change to the BoJ's ultra-dovish monetary policy could pummel the USD/JPY pair, economists at ING r eport.

Hearings for the new BoJ governor

“On Friday, nomination hearings will take place for new Bank of Japan Governor, Kazuo Ueda. He is seen as more of a pragmatic academic than the ultra-dove of his predecessor, Haruhiko Kuroda.”

“Any hints of a change to the BoJ's ultra-dovish monetary policy could see USD/JPY sell off again – dragging the broader Dollar with it.”

Currencies. Daily history for Monday, February 20, 2023

Commodities. Daily history for Friday, February 17, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.