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Forex Flash: BoJ could trigger a move higher in USD/JPY – Danske Bank

By FXstreet.com,  July 11, 2012, 03:10:00 PM EDT

FXstreet.com (Córdoba) - The two-day Bank of Japan meeting starts today and according to a survey by Bloomberg expectations are slightly tilted towards no change to monetary policy (10 out of 17 analysts expects BoJ to stay on hold), says Danske Bank team.

"We expect BoJ to expand its asset purchase program by 5 trillion Yen which could trigger a move higher in USD/JPY when the central bank announces its monetary policy tomorrow", Danske analysts add.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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