Group 1 - The Japanese yen continues to strengthen against the US dollar, driven by expectations of hawkish policies from the Bank of Japan despite a revised GDP contraction of -0.6% in Q3 [1] - October nominal wages in Japan increased by 2.6%, exceeding market expectations of 2.2%, providing key support for potential future interest rate hikes by the Bank of Japan [1] - The ongoing rise in nominal wages is expected to enhance consumer purchasing power, potentially leading to demand-driven inflation, which will support the yen in the long term [1] Group 2 - Global market sentiment is cautious, with increased demand for safe-haven assets, highlighting the relative strength of the yen [2] - The market anticipates a nearly 90% probability of the Federal Reserve lowering interest rates again, which has placed downward pressure on the US dollar index [2] - Technical analysis indicates that the USD/JPY exchange rate is under pressure, with potential support around 154.35 and resistance near 155.50 [2] Group 3 - Analysts believe the recent appreciation of the yen is due to multiple factors, including stronger-than-expected wage growth, strong expectations for hawkish Bank of Japan policies, and the yen's status as a safe-haven asset amid global risk aversion [3]
日本央行释放鹰派政策升温 日元安全避险
Jin Tou Wang·2025-12-08 07:02