0149 GMT - The yen could strengthen beyond 150 against the dollar as the BOJ moves against the global tide of rate cuts, says SMBC Nikko Securities strategist Makoto Noji. "While global central banks are cutting interest rates, the BOJ is a rare one that is raising interest rates. The yen buying could accelerate due to the difference in the directions of monetary policies," Noji says in a research note. The yen can easily appreciate now if the BOJ sends any hawkish messages. USD/JPY is last at 151.60.(megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 20:50 ET (01:50 GMT)
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