BOJ UEDA Governor Says Japan's Policy Rate Hike and Future Foreign Exchange Mark

-BOJ UEDA Governor Says Japan's Policy Rate Hike and Future Foreign Exchange Market Analysis-

The U.S. Jackson Hole meeting, which has been held for two days yesterday and today, is of utmost interest as to how much the Fed will cut its key interest rate in September.

For now, experts are citing a scenario in which the Fed cuts "0.25%" in coming September and "0.25%" again in November and December.

But the bigger news is that the Bank of Japan (BOJ) Ueda, who is currently attending the Jackson Hole meeting, "is ready to raise interest rates when Japan's economic growth and inflation get back on track." (BOJ's Ueda signals project to raise rates if growth, inflation on track).

In the meantime, all experts analyzed that there was no additional policy rate hike by the Bank of Japan.

However, I posted with the analysis that "the Bank of Japan will raise its policy rate further" because the Bank of Japan caught four rabbits due to the policy rate hike.

With Ueda's remarks, the foreign exchange market fluctuated at one point today and the yen's exchange rate fell.

The yen's value has soared again.

Therefore, if the Fed cuts its key interest rate in September, November and December and the Bank of Japan raises its policy rate again, the value of the U.S. dollar could plunge, and the stock market could be confused again.

And it can also be seen that the won's exchange rate plunges and the won's value surges.

According to my analysis, the won's exchange rate could fall to the 1,200 won range.

Also, if the value of the U.S. dollar plunges, the price of major raw materials will surge, and the era of high prices will come again.

In particular, the price of gold could go up to USD40 per ounce (31.1 grams), USD3,000 or more, and USD40 per ounce of silver.