Deep Tide TechFlow News, February 12 — According to Jintou Data, Dutch cooperative bank strategist Jane Frey pointed out that Japanese Prime Minister Fumio Kishida has promised to implement responsible fiscal policies. The Bank of Japan may also further raise interest rates, causing the yen to strengthen accordingly. Frey stated that Kishida's recent victory in the early general election allows her to step back from the campaign debates sparked by the more relaxed fiscal stance of the main opposition party. "Another reassuring factor is Japan's massive domestic savings." As the Bank of Japan is expected to further raise interest rates within the year, Frey predicts that the USD/JPY will fall from the current 153.23 to the 145 level within 12 months.
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Deep Tide TechFlow News, February 12 — According to Jintou Data, Dutch cooperative bank strategist Jane Frey pointed out that Japanese Prime Minister Fumio Kishida has promised to implement responsible fiscal policies. The Bank of Japan may also further raise interest rates, causing the yen to strengthen accordingly. Frey stated that Kishida's recent victory in the early general election allows her to step back from the campaign debates sparked by the more relaxed fiscal stance of the main opposition party. "Another reassuring factor is Japan's massive domestic savings." As the Bank of Japan is expected to further raise interest rates within the year, Frey predicts that the USD/JPY will fall from the current 153.23 to the 145 level within 12 months.