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Investment Bank: If the Central Bank of Japan takes a cautious stance on raising interest rates, the yen may suffer in the short term.
Jins data on March 17, the analyst Jan Willy of the Dutch cooperative bank said that if the Japanese Central Bank is cautious about raising interest rates at Wednesday’s meeting, the yen may briefly fall. It is expected that the Japanese Central Bank will maintain the Intrerest Rate unchanged on Wednesday, but the market will look for clues about the timing and extent of future rate hikes. She said that signs of a slowdown in the US economy and the uncertainty of US tariffs could limit the extent of the Japanese Central Bank’s rate hikes. She pointed out that the concerns of the Governor of the Japanese Central Bank about these issues may weigh on the yen this week. The Dutch cooperative bank expects the dollar to fall to 145.00 against the yen by the end of the year.