Monday, October 19, 2015

Yen upside limited ahead of BoJ - ANZ

FXStreet (Guatemala) - Analysts at ANZ explained the current conditions surrounding Japan and the Yen.

Key Quotes:

"The economic event calendar is again light in Japan next week ahead of the all- important Bank of Japan Outlook Report update in late October, when some expect the BoJ to add to its current stimulus.

We think the BoJ will retain its current stance and this, combined with our concerns about China’s growth outlook, leaves us fairly constructive on the JPY in the near-term. Even so, JPY upside may be limited ahead of the BoJ decision – a stronger JPY may, in itself, heighten expectations of a surprise move by the BoJ that would likely weaken the JPY."
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