BOJ Officials Face September Hike Bets as Yen Nears 160
Updated
Updated · Bloomberg · Aug 24
BOJ Officials Face September Hike Bets as Yen Nears 160
3 articles · Updated · Bloomberg · Aug 24
Summary
Thursday’s speech by Deputy Governor Ryozo Himino will be the first chance for Bank of Japan officials to validate or push back against markets pricing a September rate hike.
September 18 is the next policy decision, and pressure has intensified as the yen trades near 160 against the dollar, fueling expectations the BOJ may need to tighten.
Kazuo Ueda is unlikely to speak at this week’s Jackson Hole gathering, leaving Himino’s remarks in sharper focus for investors seeking guidance on the BOJ’s near-term stance.
Next week’s G20-related press briefing by Ueda in the US is expected to provide another key signal as markets test how far the BOJ will tolerate yen weakness.