HSBC expects further JPY weakness, BOJ may wait for Fed before next hike
HSBC is warning of renewed downside pressure on the Japanese yen in the near term, citing a combination of U.S. monetary policy risks, domestic political uncertainty, and cautiousness from the Bank of Japan. While HSBC economists believe the BoJ’s recent upward revisions to its inflation and growth forecasts strengthen the case for a 25 basis … Read more