Is the yen exchange rate 157 yen without the Bank of Japan interest rate hike?
[Nikkei QUICK News (NQN)] Arachi Jun, Rakuten Securities FX Strategist In the foreign exchange market, the Bank of Japan is wary of the possibility that it will move to additional interest rate increases along with concrete measures to reduce government bond purchases at the foreign exchange market. There are many market participants who think that if they want to stop the depreciation of the yen, the Bank of Japan will step up interest rates. If it is decided to leave the policy interest rate unchanged, yen sales and dollar purchases will prevail. Even if the Bank of Japan suggests interest rate hikes in September or October, if the Japan-US interest rate difference continues to be open for the time being, there seems to be room for the yen to fall to around 1 dollar = 157 yen.
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