The post USD/JPY: Supported but capped below 160 – DBS appeared on BitcoinEthereumNews.com. DBS Group Research’s Chang Wei Liang says Japan’s March Consumer PriceThe post USD/JPY: Supported but capped below 160 – DBS appeared on BitcoinEthereumNews.com. DBS Group Research’s Chang Wei Liang says Japan’s March Consumer Price

USD/JPY: Supported but capped below 160 – DBS

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

DBS Group Research’s Chang Wei Liang says Japan’s March Consumer Price Index (CPI) data show underlying price pressures, with headline and core-core inflation edging higher and the Bank of Japan (BoJ) reportedly set to raise its inflation forecast. He expects BoJ rate hikes to remain likely but possibly delayed, and sees USD/JPY staying supported by high Oil prices yet capped below 160 due to intervention risks.

Inflation backdrop and BOJ timing

“Japan’s headline CPI for March rose to 1.5% y/y (Feb: 1.3%), while core-core CPI eased a tad to 2.4% y/y (Feb: 2.5%). Behind the tepid headline number is a build-up of price pressures that are being moderated by government fuel subsidies.”

“Given passthroughs from crude prices over time, the BOJ is reportedly considering raising its inflation forecast sharply for its next quarterly outlook.”

“Rate hikes will still be likely, though the timing could be delayed till June amidst high uncertainties over the Middle East. “

“USD/JPY could remain supported amid high oil prices without a BoJ rate hike next week, but it should hold below 160 on risks of triggering verbal interventions from Finance Minister Katayama.”

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Source: https://www.fxstreet.com/news/usd-jpy-supported-but-capped-below-160-dbs-202604241505

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.03656
$0.03656$0.03656
-1.02%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

Roll the Dice & Win Up to 1 BTC

Roll the Dice & Win Up to 1 BTCRoll the Dice & Win Up to 1 BTC

Invite friends & share 500,000 USDT!