The BoJ is under criticism for prolonging its ultra-loose policy. BoJ policy is severely hurting commercial bank margins. Annual core consumer inflation exceeded the BOJ’s objective of 2% for the sixth consecutive month in September. Today’s USD/JPY forecast is bearish. Yuri Okina, a member of a significant government panel and potential future BOJ executive, stated … Continued
The post USD/JPY Forecast: Okina Calls to Phase Out Ultra-loose Policy appeared first on Forex Crunch.
Read Full Story
- Gold Price Rallying to $1,800 Post Powell’s Remarks - December 1, 2022
- USD/JPY Forecast: Hits 3-Month Lows Amid Dovish Fedspeak - December 1, 2022
- USD/CAD Outlook: Dollar Dips amid Powell, Poor Economic Data - December 1, 2022