{"id":336808,"date":"2024-07-03T21:28:37","date_gmt":"2024-07-03T15:58:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=336808"},"modified":"2024-07-03T21:28:37","modified_gmt":"2024-07-03T15:58:37","slug":"has-little-chance-to-go-below-160-in-the-coming-weeks-rabobank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/has-little-chance-to-go-below-160-in-the-coming-weeks-rabobank-crypto-news\/","title":{"rendered":"Has little chance to go below 160 in the coming weeks \u2013 Rabobank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>Yield differentials seem important to the USD\/JPY outlook. FX intervention may be on the cards again very soon because the Japanese Yen (JPY) is weak, weighing on the consumer confidence, Rabobank FX strategists note.<\/p>\n<h2 class=\"fxs_headline_medium\">JPY weakness is inflationary<\/h2>\n<p>\u201cYield differentials are clearly front and centre to the outlook for <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\">USD\/JPY<\/a>. Today\u2019s downward revision to Japan\u2019s June PMI survey has only enhanced the difficulty that <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boj\">BoJ<\/a> hawks face.\u201d<\/p>\n<p>\u201cThat said, JPY weakness is inflationary and is weighing on consumer confidence which will increase the will of policy makers to stabilise the currency. FX intervention may be on the cards again very soon. However, in the absence of better Japanese <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\">economic data<\/a> the JPY remains very vulnerable.\u201d<\/p>\n<p>\u201cWe have revised higher our forecasts for USD\/JPY and see little scope for a sustained recovery for the JPY below USD\/JPY160 in the coming weeks.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yield differentials seem important to the USD\/JPY outlook. FX intervention may be on the cards again very soon because the Japanese Yen (JPY) is weak, weighing on the consumer confidence, Rabobank FX strategists note. JPY weakness is inflationary \u201cYield differentials are clearly front and centre to the outlook for USD\/JPY. Today\u2019s downward revision to Japan\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,367,248,251,246,257,2321,255,1062,250,252,247,253,249,275,256,254],"class_list":["post-336808","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-fundamental-analysis","tag-gta","tag-japan","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\/336808","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=336808"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/336808\/revisions"}],"predecessor-version":[{"id":336809,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/336808\/revisions\/336809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/14709"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=336808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=336808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=336808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}