BOJ Rate Hike Seen Lifting Yen to 140, or Sending It to 170
Updated
Updated · Bloomberg · May 20
BOJ Rate Hike Seen Lifting Yen to 140, or Sending It to 170
1 articles · Updated · Bloomberg · May 20
Morgan Stanley Japan head Alberto Tamura said the yen could strengthen to 140 against the dollar if the Bank of Japan raises rates, framing policy action as the key trigger.
June is the immediate focus: Tamura warned that if the BOJ does not hike then, bond and currency markets would feel the impact.
The range he sketched was unusually wide, with the yen either weakening to 170 per dollar or gaining to 140 depending on how events unfold.
The comments underscore how heavily yen direction is tied to BOJ policy expectations rather than a fixed timeline—Tamura gave no forecast date for either move.
Can Japan's central bank save the yen without triggering a fiscal crisis at home?
As Japanese investors bring their money home, who will buy America's debt?