Ekonomické zprávy
11.11.2021

Extended easy BoJ monetary policy suggests weaker yen ahead – CIBC

FXStreet reports that economists at CIBC Capital Markets look for yen weakness ahead.

“The perpetuation of an ultra-easy BoJ policy stance is set to leave Japan alongside the eurozone and Switzerland as extending long term policy inertia, a scenario which should continue to leave the JPY on the defensive.” 

“Post the re-election of the LDP, we can expect another round of fiscal stimulus. One risk to our weaker yen scenario that bears watching is the sheer scale of existing JPY shorts. The scale of the position skew risks a JPY corrective rally should risk sentiment prove to become materially compromised into year-end, but we would still maintain our medium-term outlook for a weaker yen into 2022.”

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