forex forum binary options trade - Forex - What are markets expecting from the BoJ today?
  • Welcome to forex forum binary options trade. Please login or sign up.

What are markets expecting from the BoJ today?

Started by forex4you, Jun 14, 2024, 08:10 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


What are markets expecting from the BoJ today?

Rates: markets are pricing in a close to 91% chance of a
hold from the bank (close to 10% chance of a hike) - quite surprised that it
isn't 100%.

The recent trend in economic data has been mostly
disappointing, with the Citi Economic Surprise Index for Japan showing a
consistent string of downside surprises for Japanese data over the past two

This trend makes additional hikes a tricky affair for the

Bond purchases: last week there were source reports via
which suggested that the BoJ will consider scaling back their monthly
bond buying of 6 trillion yen.

It's unclear how much of a consensus view a bond purchase
adjustment is for today's meeting, but rough estimates from those who think an
adjustment is likely is looking for a reduction of roughly 1 trillion yen.

With some participants expecting an adjustment, it means any
decision from the bank not to follow through with it could trigger some JPY
weakness, while a number bigger than 1 trillion would be needed to surprise on
the hawkish side (and possibly support the JPY via upside in yields).

The bank will probably convey and tweak as a
slight adjustment and will arguably still maintain their view that ample
monetary policy accommodation remains necessary.

                This article was written by Arno V Venter at

Source: What are markets expecting from the BoJ today?
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs