USD/JPY: Dovish BoJ suggests modest yen depreciation – CIBC – by MSalordFX USDJPY Currencies Banks
easing at its recent meeting. We would expect that any change in the policy environment is set to be left to Kuroda’s successor after Q1 2023.”
“BoJ policy inertia needs to be set against a downgrade in growth assumptions and an upgrade in the CPI profile. In terms of the former, the growth assumption for the current fiscal year was trimmed from 2.9% in April to 2.4% now.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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