日元:日本央行收紧政策未能提振日元 – 华侨银行
华侨银行策略师沈慕祥和黄志伟指出,日本央行(BoJ)将利率上调25个基点至1.0%并确认2027年结束缩减购债规模,并未实质性支撑日元(JPY)。

华侨银行策略师沈慕祥和黄志伟指出,日本银行(BoJ)将利率上调25个基点至1.0%,并确认将在2027年结束缩减购债计划,但这并未实质性支撑日元(JPY)。鉴于实际利率仍是G10中最低之一,且美元/日元(USD/JPY)高于160,他们认为干预风险较高,但若日本银行没有更明确的鹰派转向,干预不太可能持续推动汇率逆转。

日本银行谨慎,日元依然疲软

“日本银行如预期将利率上调25个基点至1.0%,新任首相高市早苗任命的浅田一人持鸽派异议。”

“政策倾向仍偏向进一步加息,但没有加快加息周期的信号。”

“尽管政策利率达到30年高点,日本的实际利率仍是G10中最低之一。”

“财政省4月底的外汇干预影响现已完全逆转,美元/日元升至160以上。”

“需要日本银行更明确的鹰派转向,才能将日元从融资货币转变为投资货币。”

(本文由人工智能工具协助生成,编辑审核。)

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