Daiwa sees BOJ June hike as bid to avoid falling behind the curve
Rbc
USD/JPY — All Desk Targets
21 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 149.00 |
Scotiabank | Bullish | 140.00 |
UOB | Bearish | 158.40 |
From the original
The Daiwa note frames the June BOJ decision as less about economic overheating and more about the institutional credibility cost of inaction, a framing that has direct implications for JGB pricing and yen dynamics. If markets accept that the BOJ is staying ahead of the curve, Dai