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JPY: Expectations dying for further BoJ easing this month - MUFG

FXStreet (Delhi) – Lee Hardman, Currency Analyst at MUFG, suggests that the yen has firmed modestly in the Asian trading session as expectations remain low that the BoJ will deliver further stimulus this month.

Key Quotes

“Former BoJ board member Nakahara who is also part of an informal group of economists consulted by Prime Minister Abe has stated that there is no need to act now as foreign exchange rates are moving calmly and underlying inflation has firmed recently. He would prefer for the BoJ to take more time to see how the economy is performing before taking more action. He also added that a big move in the currency market could be a trigger for the BoJ to ease further but that there is no such move so far.”

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