Japan firms lift inflation expectations as Tankan sentiment beats forecasts
USD/JPY — All Desk Targets
| Firm | Stance | YE 2027 |
|---|---|---|
MUFG | — | 146.00 |
Citi | — | 153.00 |
UOB | — | 160.75 |
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The combination of firmer inflation expectations and a sentiment beat across nearly every Tankan category strengthens the case for the BoJ to keep normalising policy, particularly with big manufacturers' index at 22 against a Reuters poll of 16, one of the larger upside surprises
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