BNP Paribas Predicts Bank of Japan Rate Hike in December Amid US Uncertainty

BNP Paribas are forecasting the Bank of Japan will hike rates at their December meeting (18 and 19).says the BoJ will consider uncertaintes surrounding the new administration in the US (Trump will take office in January). says a weaker yen could trigger a hike from the BoJthe analysts expect the yen to weaken further if the Bank of Japan holds off on a hikeUSD/JPY update, a bit of a reprieve for JPY: This article was written by Eamonn Sheridan at www.forexlive.com.

Nov 8, 2024 - 05:55
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BNP Paribas Predicts Bank of Japan Rate Hike in December Amid US Uncertainty

BNP Paribas are forecasting the Bank of Japan will hike rates at their December meeting (18 and 19).

  • says the BoJ will consider uncertaintes surrounding the new administration in the US (Trump will take office in January).
  • says a weaker yen could trigger a hike from the BoJ
  • the analysts expect the yen to weaken further if the Bank of Japan holds off on a hike

USD/JPY update, a bit of a reprieve for JPY: This article was written by Eamonn Sheridan at www.forexlive.com.

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