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BOJ will phase out its yield control policy

BOJ will phase out its yield control policy | 10 February 2023

10 February 2023, USD/JPY

BOJ will phase out its yield control policy

USDJPY trading plan:

Japan's wholesale prices in January rose 9.5% from a year earlier, data showed, adding to growing signs of inflationary strains that could keep the central bank under pressure to phase out its massive stimulus programme. While the pace of increase slowed from the previous month's 10.5% rise, the data highlighted the cost-push pressure companies were facing for products ranging from food, steel and chemical goods. The data suggests that Japan's core consumer inflation, which hit a 41-year high of 4.0% in December, will likely remain well above the central bank's 2% target in coming months.

Investment idea: range 130.90 -132.00

David Johnson
Analyst of «FreshForex» company
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