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The Bank of Japan (BoJ) has finally ended its eight-year reign of negative interest rates<\/a>. USD\/JPY<\/a> surged above 150.00 after the decision. Economists at ING analyze Yen\u2019s outlook.<\/p>\n Gone are the negative interest rates, yield curve control and purchases of ETFs and Real Estate Investment Trusts. Instead, excess reserves at the BoJ will now be remunerated at 0.10% and the BoJ will target the overnight call rate (its main policy rate now) in a range of 0.0%-0.1%.\u00a0<\/p>\n<\/blockquote>\n The Yen sold off on the headlines that the BoJ would keep an accommodative policy for a while, but recent headlines are suggesting that further rate hikes may be forthcoming now that the virtuous link between wages and prices has been confirmed.<\/p>\n<\/blockquote>\n The problem for the Yen, however, is that volatility remains exceptionally low and the carry trade exceptionally popular. USD\/JPY may well trade in a 150.00-152.00 range for the time being (locals in Tokyo think the BoJ will not intervene to sell USD\/JPY until 155.00), and a lower USD\/JPY will have to be led from the Dollar side.<\/p>\n<\/blockquote>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Bank of Japan (BoJ) has finally ended its eight-year reign of negative interest rates. USD\/JPY surged above 150.00 after the decision. Economists at ING analyze Yen\u2019s outlook. BoJ lift-off underwhelms the Yen\u00a0 Gone are the negative interest rates, yield curve control and purchases of ETFs and Real Estate Investment Trusts. Instead, excess reserves at […]<\/p>\n","protected":false},"author":2,"featured_media":13094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,367,248,251,246,257,255,684,250,252,247,253,249,275,256,254],"class_list":["post-267545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=267545"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267545\/revisions"}],"predecessor-version":[{"id":267546,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267545\/revisions\/267546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13094"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=267545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=267545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=267545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BoJ lift-off underwhelms the Yen\u00a0<\/h2>\n
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