BNP Paribas are forecasting the Bank of Japan will hike rates at their December meeting (18 and 19).
- says the BoJ will consider uncertaintes surrounding the new administration in the US (Trump will take office in January).
- says a weaker yen could trigger a hike from the BoJ
- the analysts expect the yen to weaken further if the Bank of Japan holds off on a hike
USD/JPY update, a bit of a reprieve for JPY:
This article was written by Eamonn Sheridan at www.forexlive.com.
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