TechFlow News: On February 12, according to JIN10 Data, Rabobank strategist Jane Folley pointed out that Japanese Prime Minister Sanae Takaichi has pledged to implement a responsible fiscal policy, and the Bank of Japan (BOJ) may further raise interest rates—both developments should bolster the yen. Folley noted that Takaichi’s recent victory in the snap election enables her to distance herself from campaign debates triggered by the main opposition party’s more accommodative fiscal stance. “Another reassuring factor is Japan’s massive domestic savings.” With the BOJ potentially raising rates further this year, Folley expects USD/JPY to fall from its current level of 153.23 to the 145 level within 12 months.
Add to Favorites
Share to Social Media
