The Yen is stable before the BoJ’s meeting. Overview for 20.09.2016
20.09.2016
The USD/JPY pair is calmly waiting for the tomorrow meeting of the Japanese regulator. The Central Bank is ready to temper the monetary policy.
The Japanese Yen is trading rather neutrally in the pair with the US Dollar. The current quote for the instrument is 101.88.
On Wednesday morning, September 21st, the Bank of Japan is going to have another meeting. The market doesn’t exclude a possibility that during the meeting, the BoJ may temper its monetary policy. However, investors and economists have different opinions of how the regulator is going to do this. Some of them think that the BoJ may decrease the deposit rate; others expect the regulator to adjust the bond-purchasing program.
Anyhow, a possibility of additional easing from the Bank of Japan has been already included in the prices by the market. However, one can’t ignore the fact that the Japanese regulator is quire famous for its surprising decisions. So, there is a chance that the BoJ may take one more break to monitor the country’s economy.
The economic climate in Japan allows to wait for a while before implementing additional easing, although there were a lot of opinions that the inflation target of 25 was very ambitious and might now be reached within the time specified.
RoboForex Analytical Department
The Japanese Yen is trading rather neutrally in the pair with the US Dollar. The current quote for the instrument is 101.88.
On Wednesday morning, September 21st, the Bank of Japan is going to have another meeting. The market doesn’t exclude a possibility that during the meeting, the BoJ may temper its monetary policy. However, investors and economists have different opinions of how the regulator is going to do this. Some of them think that the BoJ may decrease the deposit rate; others expect the regulator to adjust the bond-purchasing program.
Anyhow, a possibility of additional easing from the Bank of Japan has been already included in the prices by the market. However, one can’t ignore the fact that the Japanese regulator is quire famous for its surprising decisions. So, there is a chance that the BoJ may take one more break to monitor the country’s economy.
The economic climate in Japan allows to wait for a while before implementing additional easing, although there were a lot of opinions that the inflation target of 25 was very ambitious and might now be reached within the time specified.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.