- USD/JPY: A surprise decision to adjust YCC would trigger a powerful rally for the Yen – MUFG
Notícias do Mercado
24 julho 2023
USD/JPY: A surprise decision to adjust YCC would trigger a powerful rally for the Yen – MUFG
The JPY re-weakened over the past week. Economists at MUFG Bank analyze USD/JPY ahead of the BoJ meeting.
JPY risk skewed to a bigger gain than a loss on an unchanged YCC announcement
We admit that our conviction on a change to YCC is lower although we still cannot rule out a move given the inevitable surprise likely involved in shifting away from YCC.
Our current end-Q3 of 136.00 incorporated our view of a YCC change and implies a big drop on a surprise YCC change.
The JPY risk is certainly now skewed to a bigger JPY gain than a JPY loss on an unchanged YCC announcement.
O foco de mercado
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 disclaimerAbrir Conta Demo e Página Pessoal