Rex Bank: The yen may further depreciate

Jins data, December 23 news, UBS Bank analyst Ipek said in a report that the yen may further depreciate as the Japanese Central Bank is unlikely to raise interest rates at least until March. She said, 'Policymakers believe they will have a clearer understanding of the potential impact of Trump's international policies by then.' Meanwhile, as the Fed hinted last week that it would slow the pace of rate cuts, US bond yields rose and the dollar strengthened. Ipek said the USD/JPY Exchange Rate could rise to 160.000, however, Japanese authorities may intervene to support the yen, which may limit further gains in the USD/JPY Exchange Rate.

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