Free Trial

YEN: Yen strengthens after the BoJ..............>

YEN: YEN: Yen strengthens after the BoJ annoucement. All policy measures
unchanged from the Bank, but slight upgrade in the outlook for inflation. 
- BoJ said that on the whole inflation expectations are unchanged, said
previously that expectations were weakening. Some in the market seem to be
taking this as a sign that the BoJ are taking notice of stronger economic
conditions amid the recent tightening talk. 
- BoJ GDP Forcasts: 2017 1.9%, 2018 1.4%, 2019 0.7% 
- Core CPI Forecasts: 2017 0.8%, 2018 1.4%, 2019 1.8% (unchanged)
- USD/JPY last down 22 pips at 110.70, briefly touched session low of 110.56. 
- Market will look ahead to the press conference from BoJ Governor Kuroda at
0630GMT, focus will be on the Y80tln JGB purchase target (which was maintained
at this meeting despite lower purchases in real terms).

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.