Dollar-Yen's Medium-Term Range Likely Near 155-160 Level
Dow Jones
Sep 09
0508 GMT - The dollar is likely to settle into a range centered around 155-160 yen over the medium term, with a fluctuation band of about 5.0 yen on either side, says Sony Financial Group analyst Maki Ogawa. Despite recent market expectations, the pace of Bank of Japan rate hikes is likely to be gradual, given that sharp tightening could damage economic growth, as well as the central bank's balance sheet, she says. "The Fed is also expected to embark on rate hikes next year, making it unlikely that the U.S.-Japan interest-rate differential will narrow dramatically," she adds. The dollar was last trading at 153.40 yen.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.