HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023
HSBC’s Bank of Japan outlook, in brief from a note. HSBC target H1 2023 for the Yield Curve Control (YCC) range to expand once more, but say they can’t pinpoint the exact date. On the yen, HSBC note other likely domestic developments that could cause USD/JPY to fall this year. Including: resident investors FX-hedging their […]
USD to be on a choppy path amid unresolved uncertainties – HSBC
The US Dollar will likely weaken anew when uncertainties about the Fed, the US economy’s landing and China’s recovery resolve, in the view of economists at HSBC. Gap between the Fed’s guidance and the market’s less hawkish perspective remains in place “We think the path of the USD is likely to remain choppy in the […]
USD/JPY will fall by the end of the year – HSBC
Economists at HSBC think USD/JPY will fall by year-end 2023 on a range of factors from future BoJ policy announcements to improvements in Japan’s balance of payments and a revival of the JPY’s “safe haven” status. A revival of Yen’s ‘safe haven’ status could weigh on USD/JPY “There are many upcoming events that could lead […]