BITPRISMIA
The Bank of Japan's (BOJ) monetary policy decisions, particularly regarding interest rates and yield curve control, are pivotal for the USD/JPY currency pair and the broader Forex market, with UBS providing strategic insights on potential impacts.
UBS advises investors to sell USD/JPY on rallies due to shifting global economic factors and central bank policy divergence between the US Federal Reserve and the Bank of Japan.
The USD/JPY outlook is heavily influenced by Japan's political landscape and Bank of Japan (BoJ) policies, with Bank of America (BofA) analyzing potential election scenarios and their impact on currency trends.
UBS forecasts the USD/JPY pair to reach 140 by year-end, indicating a strengthening US Dollar against the Japanese Yen due to divergent monetary policies between the US Federal Reserve and the Bank of Japan.