Forex Flash: BoJ easing is on the way - Standard Chartered

By FXstreet.com,  October 29, 2012, 08:20:00 PM EDT

FXstreet.com (Barcelona) - According to Standard Chartered Japan based analysts Betty Rui Wang and Ned Rumpeltin: "The BoJ is likely to expand its Asset Purchase Program ( APP ) by at least JPY 10tn," the analysts say, adding: "We expect the BoJ to lower its inflation forecast, indicating the 1% target cannot be achieved soon."

USD/JPY is currently trading at 79.77 while Hurricane Sandy is just landfalling the US East Coast become in a Cyclone after a closed day for US markets, few hours ahead of the BoJ decision. "Investor expectations for the meeting are running high, risking near-term disappointment," Betty and Ned point out. "We think USD-JPY will head higher in the medium term," they conclude.




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

Referenced Stocks: APP



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