Dollar/Yen is now trading in a narrow range below 145 ahead of the FOMC and BoJ September meetings. Yen rate and basis have paused after rising and widening, but we expect volatility to pick up once the BoJ meeting is over.
In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects the impact of Yen money supply/demand as well as inflationary pressures ahead of the BoJ’s meeting. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis.
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