0824 GMT - Danske Bank Research expects CHF/JPY to fall as it forecasts an interest-rate cut from the Swiss National Bank of Thursday, in contrast to the Bank of Japan lifting interest rates out of negative territory and scrapping yield-curve control on Tuesday. "We have been calling for a spring hike from BOJ for a long time, but though it would wait until next month to push the button," Jens Naervig Pedersen, director in FX and rates strategy at Danske, says in a note. CHF/JPY rises 0.6% to 169.11, as the yen weakens broadly due to the BOJ also saying that it will continue buying government bonds and maintain accommodative financial conditions. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 19, 2024 04:24 ET (08:24 GMT)
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