BOJ to hike policy rate to 1.00% over the next two years – BBH
Source Fxstreet
USD/JPY rallied above 150.00, BBH's FX analysts report.
BoJ normalization cycle to continue
"Tokyo February CPI inflation cools more than anticipated and supports the case for a gradual Bank of Japan normalization cycle. Headline CPI and core ex-fresh food inflation eased to 2.9% y/y (consensus: 3.2%, prior: 3.4%) and 2.2% y/y (consensus: 2.3%, prior: 2.5%). Core ex-fresh food and energy remained at 1.9% y/y (consensus: 2.0%, prior: 1.9%)."
"The market continues to imply about 50bps of BOJ policy rate hikes over the next two years to 1.00% which limits JPY upside."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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