Markets Watching How Much BOJ Keeps Door Open to Further Rate Increases
Dow Jones
Sep 17
0344 GMT - The key issue at this week's Bank of Japan meeting is how firmly it keeps the door open to further rate increases to avoid the yen's material depreciation against the dollar, says David Clewell at T. Rowe Price. Markets are focused on the path of monetary policy beyond this week, the co-portfolio manager says in a note. A September rate increase is largely reflected in market expectations, while markets are also pricing in between three and four increases over the next 12 months. The yen may be volatile as the market wrestles with messages from Fed Chairman Kevin Warsh and BOJ Gov. Kazuo Ueda in the coming days. The dollar is at Y156.10.
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