US dollar to retain strength, yen intervention no game changer: Reuters poll - Forth.News
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US dollar to retain strength, yen intervention no game changer: Reuters poll Forth.News
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US dollar to retain strength, yen intervention no game changer: Reuters poll Forth.News
The desk believes that Japan's currency intervention efforts are unlikely to yield sustainable results in curbing yen weakness, particularly as the USD/JPY approaches 158.50, the highest level in two weeks. Per the full note [source], a recent Reuters poll indicates that 74% of economists view currency intervention as ineffective, while 65% expect the Bank of Japan (BOJ) to raise rates to 1.00% by June. This sentiment is compounded by the ongoing geopolitical tensions in the Middle East, which may further complicate Japan's economic outlook.