Apat na senaryo at ang mga implikasyon ng mga ito para sa USD/JPY – TDS
Pananalapi Apat na senaryo at ang mga implikasyon ng mga ito para sa USD/JPY – TDS Balita ng Ethereum ng Bitcoin Tinatalakay ng mga ekonomista sa TD Securities ang Desisyon sa Rate ng Interes ng Bank of Japan (BoJ) at ang mga implikasyon nito para sa pares ng USD/JPY. On Hold – Dovish (10%) The BoJ states that the economy is not strong enough and the Bank needs to be patient judging by the moderation in real household spending and Q4 GDP numbers. Ueda may remark that the BoJ needs to wait for the wage outcomes from small-medium enterprises given that they hire 70% of Japans workforce. In this instance market is likely to view a July hike as the earliest possible time to move. USD/JPY +1.4%. On Hold – Hawkish (10%) The Bank would need to signal to the market that its confidence to hike is high and that its commitment to hike in April is strong. Otherwise, the market will believe the BoJ is likely to be on hold for at least three months. USD/JPY +0.8%. Base Case: 10 bps hike – Measured tone (60%) The significant wage outcome from Rengo gives the BoJ the confidence to move in March. Earlier, the BoJ indicated that the policy