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Aug 2, 2022 1:19 AM

Time to go long USDJPY? Long

US Dollar/Japanese YenSaxo

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For the time being should not hesitate to take additional easing measures if necessary. It is appropriate for the Bank to maintain the current forward guidance for the policy rates.

In this situation, it is appropriate that the Bank encourage wage increases through monetary easing, aiming to achieve the price stability target in a sustainable and stable manner.

Given that a rise in some determinants of underlying inflation , such as services prices, and CPI inflation exceeding 2 percent in a stable manner have not come in sight, it is natural to continue the current monetary easing.
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