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The Bank of Japan meet next week. Plans for reduced Japanese Government Bond buying are expected to be detailed. The question of a rate hike is an open one, but the consensus expectation is for on hold. Tokyo area inflation data is due today:
Stronger than expected figures should add downside pressure to the already volatile yen crosses (ie upward pressure on JPY).
This article was written by Eamonn Sheridan at www.forexlive.com.
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