JPY

BOJ to raise interest rate to at least 0.50% by end-March, 51 of 52 economists say

• A hold next week though (but it's a closer call)

USD/JPY back above 153.00

• Not a lot of news or data flow out of Japan

BoJ Q4 Tankan reports that firms expect Japan inflation to remain above 2%

• Bank of Japan

SocGen: We expect USD/JPY to drop into the 130s in the first half of 2025

• USD/JPY is trading at 152.53 today

USDJPY Technical Analysis – The JPY weakens on known news

• The USDJPY pair broke above a key resistance zone following reports of no change at this month’s BoJ decision. What’s next?

Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

• Goldman Sachs on the BoJ - no rate hike

USD/JPY expected to trade 140 - 150 in 2025 according to most Japanese firms

• Info via Reuters survey of corporates

USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade

• The pair fell to a low of 150.99 on BOJ headlines initially but is now trading above 152.00

Reports Japan is considering a 4% corporate tax surcharge - to go toward defence spending

Japan PPI inflation data recap - persistent rise keeps focus on BoJ rate hike speculation

• Japan's Corporate Goods Price Index (CGPI) climbed to 124.3, its highest level on record

Japan's Q4 Business Outlook Survey presents a mixed bag of results

• Conditions improved in the final quarter of 2024, but the look ahead is not so bright

Japan November PPI +0.3% m/m (expected +0.2%) and +3.7% y/y (expected +3.4%)

• 'Wholesale' level inflation comes in stronger than expected - a positive for a BoJ rate hike, at the margin

Reuters Tankan - Japan manufacturing sentiment negative for the first time in 10 months

• Non-manufacturing sentiment picked up

The USDJPY buyers have taken the price above the 200 day MA. Buyers making a play.

• What next for the USDJPY pair techncally?

USD/JPY looks to US CPI report to potentially break ping pong range

• The pair is caught in a ping pong range via its key daily moving averages now