Japanese Yen Likely to Rise if Fed Lifts Rates Less than Expected
Dow Jones10-06 22:07
1407 GMT - The Japanese yen has the potential to recover versus the dollar next year if the market reduces expectations for interest-rate rises by the Federal Reserve, Rabobank's Jane Foley says in a note. The yen's weakness since the last Bank of Japan policy decision reflects some impatience in the market over a lack of "hawkish" signals for further interest-rate rises, at least compared to the Fed, she says. "It is Rabobank's house view that the market has anticipated too much Fed policy tightening next year." The dollar trades flat at 157.97 yen and Rabobank maintains a three-month target of 155.00.
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