BOJ seen needing a Sept rate hike to steady yen
OCBC strategists say a BOJ September rate hike may be the minimum to prevent further yen weakness. They now expect a 25 bps move to 1.25% on Sept. 18.
A September rate hike from the BOJ may be the minimum needed to prevent another slide in the yen, OCBC strategists say.
They now expect the central bank to raise rates by 25 bps to 1.25% on Sept.
18.
That could keep the yen-dollar pair stable, while a hold could see the yen move back above 160 agai…