Forex Flash: USD/JPY roiled on BoJ report – Deutsche Bank

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FXstreet.com (Barcelona) - According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, "The JPY is poised to close weaker for the second consecutive day against the USD following a report in the Asahi that the BoJ is weighing further easing at its next meeting, echoing a similar report from Reuters yesterday."

The Asahi added that BoJ officials are considering buying assets on an "unlimited basis". With the focus on Japanese markets, including the Nikkei which has risen 23% since snap elections were called by PM Abe in November, the WSJ reminded its readers that there have been a number of false dawns in the past two decades.

This includes the 34% rally in the Nikkei in 1990, 50% rally in 1992, 55% in 1995, 62% in 1998 and 140% from 2003 to 2007. "Nevertheless even if this latest policy change doesn't amount to much, markets could still go considerable higher before being disappointed." the analysts note.



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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