美元/日元:关注3月的上行路径 – 渣打银行
渣打银行的张勋和谢家辉预计,日本央行将在 3 月 19 日将政策利率维持在 0.75%,由于日本经济增长不均和油价上涨,采取谨慎的立场

渣打银行的张勋和谢家铭预计,日本央行将在3月19日将政策利率维持在0.75%,由于日本经济增长不均和油价上涨,采取谨慎态度。他们认为,美元/日元的最低阻力路径是向上,可能重新测试162,受到积极季节性和有限的财政部口头干预的支持。

日本央行的谨慎和油价支持强势美元

"我们预计日本央行将在即将到来的3月19日会议上将政策利率维持在0.75%不变。政策制定者似乎专注于确认工资增长转化为更强消费后,再在油价冲击中继续推进进一步的正常化。"

"我们的基本预期是日本央行将在第三季度加息,可能在7月会议上。我们维持日本央行终端利率预测为1%,尽管风险可能偏向上行(即日本央行加息超过预期)。"

"我们认为美元/日元的最低阻力路径是向上,可能测试162的高点——这是2024年7月财政部最后一次进行外汇干预的水平——在近期油价高企的背景下。"

"最近的口头干预在强度和幅度上都有限,这可能表明其不愿意在美元普遍强势的情况下对市场施加压力。"

"美元/日元的季节性通常在3月下半月因窗口装饰流动而转为积极。"

(本文由人工智能工具协助创建,并由编辑审核。)

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