Friday, October 23, 2015

USD/JPY: BoJ to aid topside? Watch exporter lvls - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo mitsubishi explained that the market expectation for the Fed policy move has been declining in the DXY.

Key Quotes:

"Next week, the October FOMC may not be any surprise amidst the recent global uncertainty. Ahead of the October BoJ monetary policy meeting for semi-annual economic review, market anticipation for further monetary easing by the BoJ may support USD/JPY."

"However, the USD/JPY top side should be capped by Japanese exporters. This week, the Sakura report clearly illustrated the regional growth momentum positive. Though the September trade data was weaker than market expectation, the real flows may also cap the USD/JPY topside."
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