Forex Flash: BoJ to show steady hand; Buy USD/JPY dips - Westpac

By
A A A
Share |

FXstreet.com (Barcelona) - USD/JPY continues upward moves, steadying at 78.50 ahead of the Bank of Japan meeting today. According to Sean Callow, FX Strategist at Westpac, "a steady hand is widely expected barely two weeks after the last meeting saw a ramped up asset purchase program."

The Analyst adds: "The decision can be expected any time from about 12:30pm Syd/10:30am Sing/HK but there should be more interest in the press briefing by BoJ governor Shirakawa at 4:30pm Syd/2:30pm Sing/HK. We prefer to buy USD/JPY on dips but don't expect a boost from the BoJ today and of course would be wary ahead of the US jobs data."



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:

FXstreet.com

FXstreet.com

More from FXstreet.com:

Related Videos

Stocks

Referenced

Most Active by Volume

39,759,286
  • $61.5899 ▼ 2.28%
37,716,169
  • $35.1125 ▼ 3.24%
27,956,046
  • $25.98 ▼ 2.91%
26,546,758
  • $16.315 ▲ 0.15%
22,879,195
  • $4.475 ▼ 1.86%
20,094,369
  • $47.49 ▼ 0.90%
19,954,973
  • $75.35 ▲ 3.42%
19,310,618
  • $7.04 ▲ 4.14%
As of 4/23/2014, 12:38 PM