Barclays forecasting the Bank of Japan to remain on hold in January, rate hike in March
globalreutersJanuary 15, 20251 Mins read Yesterday we had Bank of Japan deputy governor Himino speaking:
- ForexLive Asia-Pacific FX news wrap: USD swing on news, JPY swing on … not a lot
- Forexlive European FX news wrap: Awaiting the US PPI report
In my Asia wrap (first link above) I said I wondered aloud at the strange (up) response on Himino’s remarks. The Europe wrap has more from him, where he was more less dovish. UBS agree – he ‘lacked dovishness’.
Barclays, meanwhile think January is too early for a hike from the BoJ. Analysts at the bank expect a Bank of Japan rate hike in March and October 2025, with rates eventually climbing to 0.75%.
This article was written by Eamonn Sheridan at www.forexlive.com.
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