Yen steadies near 160-162 as Fed expectations stay hawkish
The yen lifted on BOJ hawk Takata’s comments, but ING’s Chris Turner said hawkish Fed expectations are the bigger factor, suggesting the currency can remain around 160-162 versus the dollar.
The yen got a little lift from BOJ hawk Takata's comments, but a hawkish Fed is a game-changer that suggests the currency can spend much longer in the 160-162 area against the dollar, says ING's Chris Turner.
The implication that the BOJ could hike by 50 bps or deliver back-to-back increases sounds…