The post Jawboning on the yen resumed – BBH appeared on BitcoinEthereumNews.com.

USD/JPY is struggling to sustain a break above 150.00 as jawboning on the yen resumed, BBH FX analysts note. USD/JPY tries to sustain a break above 150.00 “Japan’s chief currency official Atsushi Mimura warned at the moment we’re seeing slightly one-sided, sudden moves in the currency market. We’ll keep monitoring the forex market with a high sense of urgency, including any speculative moves.” “Japan September CPI print was mixed but still argues for a cautious BOJ tightening cycle which can further undermine JPY. Headline CPI inflation matched consensus and slowed to 2.5% y/y vs. 3.0% in August due to subsidies to slash electricity and gas bills. Core (ex-fresh food) fell less than expected to 2.4% y/y (consensus: 2.3%) vs. 2.8% in August but is tracking the BOJ 2024 forecast of 2.5%.” “Core (ex-fresh food & energy) unexpectedly increased one tick to 2.1% y/y (consensus: 2.0%) and remains slightly above the BOJ 2024 forecast of 1.9%.” Source: https://www.fxstreet.com/news/usd-jpy-jawboning-on-the-yen-resumed-bbh-202410181110

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Filed under: News - @ October 18, 2024 12:23 pm