Wall Street strategists are divided on the outlook for the Japanese Yen's rally, with the Bank of Japan (BOJ) potentially raising interest rates by 25 basis points this month.
Wall Street strategists are divided on whether the Japanese Yen's recent rally can be sustained, despite the Bank of Japan's inclination to raise interest rates by 25 basis points this month to counter rising price pressures. Wells Fargo believes that the Bank of Japan may struggle to deliver more rate hikes than the market anticipates, thereby limiting further appreciation of the Yen. JPMorgan Chase, on the other hand, suggests that a stronger Yen itself could reduce the Bank of Japan's impetus to raise rates.
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Source:彭博市场 · Source Link
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