Yesterday at 11:51 AM
HSBC: dollar could move higher against the yen amid hawkish Fed stance
HSBC economists believe that the U.S. dollar is likely to rise against the yen. This is due to the Fed’s hawkish stance.
In fact, USDJPY is linked to yield differentials between the two countries. But there is no risk for the foreign exchange market to be intervened by the Ministry of Finance of Japan. So, the potential for the yen to strengthen against the dollar is limited, despite the remaining risks of interference.
Further monetary tightening by the Fed is likely to lead to the yen weakening against both the U.S. dollar and the euro. However, increased concerns on China's economic outlook could offer support to the Japanese currency.
Recommended
Yesterday at 4:16 PM
Yesterday at 11:51 AM
Mario Draghi emphasizes importance of careful defense spending increase in Europe
Yesterday at 10:44 AM
Dollar index declined 2.2% in March
Yesterday at 10:07 AM
ECB representative strongly opposed possible loosening in banking regulation
Yesterday at 8:14 AM
Top news
Yesterday at 11:05 AM
Yesterday at 10:41 AM
Yesterday at 10:40 AM
Yesterday at 9:44 AM