The USD/JPY falls briefly after the BOJ announces an additional Y10 trillion in its asset-purchase program, but is now back at previous levels. Kengo Suzuki, forex strategist at Mizuho Securities in Tokyo says the results were largely within consensus, and thus the market's reaction was limited. "The focus will be on the BOJ's next meeting by when the new administration of incoming Prime Minister Shinzo Abe will officially be in power," he says, adding that the BOJ was "ducking" calls for aggressive easing including a 2% inflation target by Abe by resorting to some easing steps this time around. Suzuki says the pair could test 85.00 as long as it stays above 84.00. The USD/JPY is now back at 84.22, unchanged from its level before the BOJ announcement.
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