<\/p>\n
The Japanese Yen (JPY) has had a stellar week, ING\u2019s FX analysts Francesco Pesole notes.<\/p>\n
“Along with the combined effect of softer USD and safe-haven flows into the JPY, Japanese inflation data overnight reinforced growing hawkish sentiment on the Bank of Japan. Headline CPI accelerated to 4.0% as expected in January and core was slightly hotter than expected at 3.2%.”<\/p>\n
“The OIS pricing for December is 37bp of BoJ<\/a> hikes, but only 15bp by June. We expect the next 25bp move already in May followed by another in October.”<\/p>\n “We are a bit reluctant to call for another major leg lower in USD\/JPY<\/a> after the break below 150.0, largely on the back of our rates<\/a> team bearish call on Treasuries and our expectations for a stronger dollar. However, the JPY remains broadly attractive in the crosses, and we believe there is a more convincing bearish story for EUR\/JPY.”<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Japanese Yen (JPY) has had a stellar week, ING\u2019s FX analysts Francesco Pesole notes. JPY remains broadly attractive in the crosses “Along with the combined effect of softer USD and safe-haven flows into the JPY, Japanese inflation data overnight reinforced growing hawkish sentiment on the Bank of Japan. Headline CPI accelerated to 4.0% as […]<\/p>\n","protected":false},"author":2,"featured_media":372636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,1062,250,252,247,253,249,308,275,256,254],"class_list":["post-372627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/372627","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=372627"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/372627\/revisions"}],"predecessor-version":[{"id":372628,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/372627\/revisions\/372628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/372636"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=372627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=372627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=372627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}