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BoJ minutes up next - RBS

FXStreet (Bali) - As RBS FX Strategists note, the BoJ will release minutes from the Oct 31st meeting today, an event worth monitor as it will make references to the meeting in which the Bank expanded its asset purchases.

Key Quotes

"During the Asia session, Bank of Japan (BoJ) Governor Kuroda is scheduled to speak and the BoJ will release minutes from the October 31st meeting, when the Bank expanded its asset purchases."

"The minutes from the October 31st meeting will already be dated, in a sense, because the BoJ has since held another policy decision on November 18th."

"Still, the minutes for the BoJ decision on October 31st could prove enlightening, as they may reveal the scope of options considered by the BoJ at the late-October meeting. The post-decision statement revealed a contested 5-4 vote in favour of expanding the QQE program, which implies a strong debate within the committee around the expansion."

"The discussion may reveal whether or not the BoJ was considering a more aggressive expansion before settling on a smaller increase. The vote to maintain the program in November was 8-1, suggesting a more united front around the current policy stance."

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