0316 GMT - A weaker Japanese yen and higher JGB yields are likely this year, two BofA Global Research strategists say in a note. Among the drivers of a weaker yen are quickening outflows from Japan and a still-low real JGB yield after two more BOJ rate increases, the strategists say. Factors for higher JGB yields include a weaker yen to support more BOJ rate increases and rising domestic inflation expectations, they add. BofA raises its end-2025 USD/JPY forecast to 165.00 from 160.00 and 10-year JGB yield projection to 1.65% from 1.40%. USD/JPY is 0.2% higher at 151.87; the 10-year JGB yield is up 0.5 bps at 1.390%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 17, 2025 22:16 ET (03:16 GMT)
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