In the Asian session on Tuesday (May 23), USD/JPY first rose and then fell, temporarily reporting 138.52, a decrease of 0.04%. Analysts said that the Bank of Japan will “review” and find out the side effects and problems of the loose policy in the future. It became the basic posture of Ueda’s five-year tenure.
At present, the policy of the Bank of Japan is still difficult to change, and the tangled market of the yen is still not over. The strengthening of the contrast between internal economic risks and external central bank tightening policies may stimulate the possibility of a further rise of USD/JPY to 139. In the long run, the Bank of Japan will maintain its monetary easing while reducing the side effects and correcting the monetary easing framework, which may be an important starting point for the yen to rise steadily in the future.
