Home Forex JPMorgan maintains “bearish view” on yen after BOJ shift By Reuters

JPMorgan maintains “bearish view” on yen after BOJ shift By Reuters

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JPMorgan maintains “bearish view” on yen after BOJ shift By Reuters

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© Reuters. FILE PHOTO: A view of the outside of the JP Morgan Chase & Co. company headquarters in New York Metropolis Might 20, 2015. REUTERS/Mike Segar/File Picture

LONDON (Reuters) – JPMorgan (NYSE:)’s analysts stated on Friday they have been sustaining the funding financial institution’s “bearish view” on the Japanese yen after Friday’s transfer by the Financial institution of Japan (BOJ) to make its key yield curve management coverage extra versatile.

In a analysis be aware, the analysts stated that whereas the yen may rise “to a point within the brief run” it could be tough for the BOJ to basically change its accommodative stance so long as there was no shift in what it considers as the important thing determinants of inflation.

The yen swung from between a each day lack of 1.2% and a each day acquire of 1% in opposition to the greenback within the wake of the BOJ’s announcement. It was final unchanged on the day at 139.35.

 

 

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