After USD/JPY breached the psychological mark of 150 at least on a temporary basis, Tuesday’s BoJ meeting has become a little more interesting. Antje
Praefcke, FX Analyst at Commerzbank, analyze Yen’s outlook ahead of the Monetary Policy Statement . BoJ will leave its monetary policy unchanged Pressure on the BoJ to make changes is mounting. However, it is questionable whether it will give in to this pressure this week.
The BoJ has proven in the past that it can surprise the markets, but it has also illustrated that it finds it very, very difficult to exit its ultra-expansionary monetary policy. I therefore think that it will leave its monetary policy unchanged on Tuesday.
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