Yen Consolidates Ahead of BOJ Tankan, BOJ's Summary of Opinions
Dow Jones
Yesterday
2336 GMT - The yen consolidates against other currencies ahead of the BOJ's tankan survey and its summary of opinions from its September meeting, which are due today. The tankan is likely to show "firmer business sentiment and elevated inflation expectations, bolstering the case for further BOJ rate hikes," CBA's Kristina Clifton says in a research report. "However, the BOJ's recent split decision and a more hawkish Fed mean BOJ rate hike expectations are unlikely to offer much support to the JPY," the senior economist and senior currency strategist says. The dollar is little changed at 157.39 yen, while the Australian dollar is 0.1% lower at Y109.28, LSEG data show.
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