JPY underperforms ahead of BOJ hike – BBH
بواسطة FXStreet Insights Team
تاريخ النشر: 9 Dec 2025 | تاريخ التعديل: 9 Dec 2025
المقالات الشائعة
The Japanese Yen (JPY) is lagging as markets price in a 25bps BOJ hike on December 19, with Governor Ueda signaling moderate inflation risk but persistent upward wage pressures; USD/JPY may slide toward 140 following US-Japan yield differentials, BBH FX analysts report.
The Japanese Yen (JPY) is lagging as markets price in a 25bps BOJ hike on December 19, with Governor Ueda signaling moderate inflation risk but persistent upward wage pressures; USD/JPY may slide toward 140 following US-Japan yield differentials, BBH FX analysts report.
Governor Ueda highlights future wage pressures
"JPY is underperforming. Bank of Japan (BOJ) Governor Kazuo Ueda struck a balance tone in his latest interview. Ueda noted he does not see very high risk of too much inflation at present but cautioned that 'upward pressure on wages will continue in the future' due to a labor shortage."
"The swaps curve price in 90% odds of a 25bps BOJ rate hike to 0.75% on December 19. Tighter monetary policy paired with Japan’s government latest fiscal stimulus package is JPY positive. We see room for USD/JPY to adjust lower towards the level implied by US-Japan two-year bond yield spreads around 140.00."
يعتمد أكثر من مليون مستخدم على FXStreet للحصول على بيانات سوقية لحظية، وأدوات رسوم بيانية، ورؤى خبراء، وأخبار الفوركس. يساعد تقويمهم الاقتصادي الشامل والندوات التعليمية عبر الويب المتداولين على البقاء على اطلاع واتخاذ قرارات محسوبة. لدى FXStreet فريق يضم حوالي 60 محترفًا موزعين بين مقر برشلونة ومناطق عالمية مختلفة.
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