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- BoJ seen forecasting FY25 CPI to rise 1.6-1.9%
BoJ seen forecasting FY25 CPI to rise 1.6-1.9%
Reuters reported, quoting the Jiji news agency, that the ´´Bank of Japan is considering a projection for consumer prices for the 2025 fiscal year to rise 1.6-1.9% in a move seen to keep market players from betting on the central bank to head to exit from stimulus.´´
Such a forecast diminishes the prospects of a tweak to the yield curve control policy that is in place to sustainably achieve the 2% inflation target whereby Kazuo Ueda has predicted the CPI growth will slow below 2% around the middle of this fiscal year as base effects fade away.
USD/JPY update
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USD/JPY Price Analysis: Bulls stay front side of trend and above the 134 figure but correction eyed
With the bulls still in control, there are prospects of a continuation toward the greyed price imbalance area in the 135s, however, if bears move in, there will be risks of a test of the trendline support that guards the 132.50s:
The above chart illustrates a theoretical bearish schematic.
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