According to Jinshi, Fanon Credit expects the dollar to rise to 145 yen by the end of the year after the Bank of Japan kept its policy framework unchanged and the market underreacted to the Fed's increased rate cut bets. David Forrester, the bank's senior foreign exchange strategist in Singapore, said that there was speculation that the Bank of Japan might change its wording today to prepare the market for policy changes in the coming months. However, since there was no change in the Bank of Japan's wording, the market's expectations for the end of its negative interest rate policy in April 2024 appeared too aggressive, which would put pressure on the yen.

#美联储