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%.
