OctaFX | OctaFX Forex Broker
Open trading account
Back

BoJ is the most key event - Socgen

FXStreet (Guatemala) - Kit Juckes, economist at Societe Generale, explained that the week's biggest event may be the BOJ on Friday.

Key Quotes:

"My view last week was that the QE is losing its ‘mojo' and that I would be surprised if either dovish words from the ECB or further QQE from the BoJ would have much FX impact.

There seems more chance that the BoJ can boost equities than really move the yen much. I am chastened by the way markets traded on Thursday/Friday and while I expect failure to act to strengthen the yen more than further easing will weaken it, I'm mostly committed to watching and re-assessing!

But I still believe that with the yen so cheap relative to any fundamental model from simple PPP to FEER, further BOJ action will be like pushing on a strong as far as the currency is concerned, whatever it does to equities."

GBP/CHF back above 1.500, at 1-month highs

While the pound is among the top performers on Monday, the Swiss franc is the opposite and is losing ground. GBP/CHF continues to rally and reached the strongest level since September 22.
Read more Previous

Central Banks: potential key drivers this week - UOB

Analysts at UOB Group noted Central Banks coming up.
Read more Next
Start livechat