{"id":37505,"date":"2026-03-17T18:42:12","date_gmt":"2026-03-17T18:42:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/sv\/uncategorized\/rabobanks-jane-foley-pekar-pa-motstridiga-risker-for-yenen-infor-g10-moten-och-mojliga-skiften-i-bank-of-japans-atstramningslinje\/"},"modified":"2026-03-17T18:42:12","modified_gmt":"2026-03-17T18:42:12","slug":"rabobanks-jane-foley-pekar-pa-motstridiga-risker-for-yenen-infor-g10-moten-och-mojliga-skiften-i-bank-of-japans-atstramningslinje","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/sv-eu\/live-updates\/rabobanks-jane-foley-pekar-pa-motstridiga-risker-for-yenen-infor-g10-moten-och-mojliga-skiften-i-bank-of-japans-atstramningslinje\/","title":{"rendered":"Rabobanks Jane Foley pekar p\u00e5 motstridiga risker f\u00f6r yenen inf\u00f6r G10-m\u00f6ten och m\u00f6jliga skiften i Bank of Japans \u00e5tstramningslinje"},"content":{"rendered":"Rabobanks seniora valutastrateg Jane Foley g\u00e5r igenom japanska yenen inf\u00f6r G10-l\u00e4ndernas centralbanksm\u00f6ten och m\u00f6jliga besked fr\u00e5n Bank of Japan (BoJ, Japans centralbank). Rabobank har h\u00f6jt sina prognoser f\u00f6r USD\/JPY (dollarn mot yenen) p\u00e5 upp till sex m\u00e5naders sikt och v\u00e4ntar sig att valutaparet ligger kvar n\u00e4ra dagens niv\u00e5er p\u00e5 en m\u00e5nads sikt.\n\nBanken r\u00e4knar med att dollarn f\u00e5r st\u00f6d av os\u00e4kerhet kopplad till konflikten i Mellan\u00f6stern. Den bed\u00f6mer ocks\u00e5 att eventuella nedg\u00e5ngar i USD\/JPY blir begr\u00e4nsade, \u00e4ven om BoJ-chefen Kazuo Ueda forts\u00e4tter l\u00e5ta stram (signalera att r\u00e4ntan kan h\u00f6jas).\n\n

Bakgrund: Bank of Japans penningpolitik<\/h3>\nBoJ har stramat \u00e5t sedan mars 2024, d\u00e5 styrr\u00e4ntan (centralbankens viktigaste r\u00e4nta) lyftes fr\u00e5n negativ niv\u00e5 och banken b\u00f6rjade l\u00e4mna QQE (\u201dmassiva obligationsk\u00f6p\u201d, allts\u00e5 stora k\u00f6p av statsobligationer f\u00f6r att pressa ned r\u00e4ntor). Trots detta \u00e4r politiken fortfarande stimulativ, eftersom realr\u00e4ntan (r\u00e4nta justerad f\u00f6r inflation) \u00e4r l\u00e5g.\n\nEnk\u00e4ter bland ekonomer visar att BoJ kan forts\u00e4tta h\u00f6ja r\u00e4ntan under f\u00f6rsta halv\u00e5ret i \u00e5r, trots att h\u00f6gre importerade energipriser tynger tillv\u00e4xten. Starka resultat i v\u00e5rens l\u00f6nef\u00f6rhandlingar (\u201dshunto\u201d, de \u00e5rliga stora l\u00f6nef\u00f6rhandlingarna) f\u00f6r fackligt anslutna ses som en faktor som kan st\u00e4rka b\u00e5de konsumtion och f\u00f6retagsvinster.\n\nEn svag yen driver upp importpriserna, och finansminister Katayama har sk\u00e4rpt tonen i uttalanden f\u00f6r att bromsa valutans fall (\u201dverbal intervention\u201d, allts\u00e5 att myndigheter f\u00f6rs\u00f6ker p\u00e5verka marknaden med ord). Enligt rapporten kan risken f\u00f6r faktisk intervention (direkta k\u00f6p\/s\u00e4lj av valuta) avskr\u00e4cka marknaden fr\u00e5n att trycka USD\/JPY mot 160 de kommande veckorna, medan spekulationer om en r\u00e4nteh\u00f6jning i april kan minska det kortsiktiga trycket.\n

\n\n

B\u00f6rja handla nu – Klicka h\u00e4r<\/a> f\u00f6r att skapa ditt riktiga VT Markets-konto <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Yenen i fokus inf\u00f6r G10-m\u00f6ten: Rabobank h\u00f6jer USD\/JPY-prognoser och ser dollarn st\u00f6ttad av Mellan\u00f6sternoro. BoJ kan h\u00f6ja igen, men interventionrisk kan stoppa 160-niv\u00e5n.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-37505","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/37505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=37505"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/37505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=37505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=37505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=37505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}