Japanese Yen: BoJ outlook supports December hike odds – BBH Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Japan (BoJ) to keep its policy rate at 1.25% while assessing September’s hike before tightening again.
Firmer underlying inflation could lead to a more hawkish Outlook Report, with swaps pricing a high probability of a December move to 1.50%
This shift in expectations is seen as supportive for the Japanese Yen