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JPY: A July BoJ hike is underpriced - ING

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JPY: A July BoJ hike is underpriced - ING

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New update 2025.05.23 19:40
JPY: A July BoJ hike is underpriced - ING

update 2025.05.23 19:40

The chances of a Bank of Japan hike in July are very much underpriced, ING's FX analyst Chris Turner notes.

USD/JPY may meet good selling interest around 145 area

"The market attaches around a 10% probability to such an outcome. Last night's release of April CPI data should worry the BoJ enough to prompt a 25bp hike in our opinion. And with the dollar staying relatively weak, USD/JPY will likely meet good selling interest should it make it back to the 145 area."


Date

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 : 2025.05.23

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Last updated

 : 2025.05.23

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