TechFlow News, April 27: Commerzbank analyst Volkmar Baur stated in a report that the Japanese yen could weaken if the Bank of Japan holds interest rates steady on Tuesday and maintains a cautious stance toward future rate hikes. He noted that markets expect the Bank of Japan to send a fairly clear signal indicating a potential rate hike in June—provided, at least, that the Iran conflict eases by then. If such a signal fails to materialize, warnings from Japan’s Ministry of Finance about intervening to support the yen will “no longer be very helpful.” Baur added that, under this scenario, USD/JPY could rise above 160. (Jinshi)
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