BOJ rate hike risk seen as boosting yen into long weekend
Daiwa Securities analyst Eiji Kinouchi said a widely expected BOJ policy-rate rise Friday, if paired with hawkish tightening signals, could spur sharp yen appreciation into Japan’s upcoming long weekend.
If the Bank of Japan raises its policy rate on Friday as widely expected and signals a hawkish stance on further monetary tightening, the yen could strengthen sharply during Japan’s upcoming long weekend, according to Daiwa Securities analyst Eiji Kinouchi. Kinouchi said the setup could resemble the posthike…