The MUFG FX Daily Snapshot analyzes the impact of Japan's strong Tankan report on BoJ policy and monitors weakening US consumer sentiment ahead of key economic releases.
Key Takeaways
- 1.The quarterly Tankan report for Japan showed stronger-than-expected corporate sentiment, strengthening the case for potential Bank of Japan rate hikes.
- 2.US consumer confidence has weakened significantly, with the 6-month average falling to 2014 levels, contrasting with record-high US equity markets.
Table of Contents
- Strong Tankan report but can the yen continue to gradually weaken?
- JPY: Scope for continued inaction
- USD: Sintra in focus as inflation fears ease
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Derek Halpenny
Securities
USD/JPY
Themes
Central Bank Policy TighteningConsumer SentimentInflationary Pressures
Regions
Asia PacificNorth AmericaEuropeJapanUnited States