Japan FX_ USDJPY rise likely to be countered by further BoJ tightening

V i e w p o i n t | 31 Oct 2024 01:08:09 ET │ 10 pages Japan FX USDJPY rise likely to be countered by further BoJ tightening CITI'S TAKE As had been broadly anticipated the BoJ left its policy rate unchanged at 0.25% at today's meeting. We had thought the USDJPY could return to around ¥152/$ in the present recovery, though there may be temporary further upside depending upon the result of the US election. However, with JPY weakness restarting of late we think the BoJ will hike its policy rate to 0.5% at eit ...