- Analytics
- News and Tools
- Market News
- JPY: BOJ policy rate is still expected to peak around 1.00% – Société Générale
JPY: BOJ policy rate is still expected to peak around 1.00% – Société Générale
Japanese Yen (JPY) is outperforming and 10-year JGB yields edged up to almost 1.30%, highest level since April 2011, Société Générale's FX analysts note.
JPY is outperforming and 10-year JGB yields
"Japan wage growth ran hot in December. Nominal cash earnings came in 1.1pts higher than expected at near a three-decade high of 4.8% y/y vs. 3.9% in November (revised up from 3.0%) reflecting a jump in bonuses."
"The less volatile scheduled pay growth for full-time workers matched consensus at 2.8% y/y vs. 2.7% y/y in November and is down from a series high of 3% in July 2024. This is consistent with the Bank of Japan (BOJ) projection for inflation to stabilize around its 2% target in 2026 assuming productivity growth of 1%."
"Bottom line: the BOJ policy rate is still expected to peak around 1.00% over the next two years which curtails upside for JPY and JGB yields."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
