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USD/JPY Outlook: BoJ Could Hike Rates Amid Rising Inflation

by Forex Crunch
January 13, 2025
in Forex Analysis
Reading Time: 1 min read

Japan’s wage gains have shown sustainable growth prospects. US nonfarm payrolls rose by 256,000, beating estimates of 164,000.  Traders expect only 27-bps of Fed rate cuts this year. The USD/JPY outlook shows increasing price pressures in Japan that might convince BoJ policymakers to hike rates soon. As a result, the yen gained despite a strong…
The post USD/JPY Outlook: BoJ Could Hike Rates Amid Rising Inflation appeared first on Forex Crunch.
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