MARKET REPORT
Barclays holds to October Bank of Japan hike call
Executive takeaway
The bank reiterated its expectation that the BOJ will raise rates in October, as the yen remains under pressure.
Barclays maintained its forecast that the Bank of Japan will raise interest rates in October, keeping its call unchanged.
The view comes as markets test the durability of U.S.-Japan policy coordination on the yen, with the currency's weakness a recurring focus for strategists. A rate increase would extend the BOJ's gradual move away from its long period of ultra-loose settings.
The BOJ has not signalled the timing of its next move.
Wire sources cited
- Investing.com — All NewsBarclays maintains October rate hike call for Bank of JapanExternal ↗
- Seeking Alpha — All ArticlesMarket Challenges U.S.-Japan Resolve On Yen And Tehran Challenges U.S. Resolve To Re-Open Strait Of HormuzExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.