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Bank of Japan statement due today - previews - Ueda under pressure on weak yen
Preview comments via:Bank of Montreal:while Friday’s decision is widely expected to feature an unchanged policy stance, monetary policymakers in Tokyo have historically not been beholden to the consensus. On the one hand, Ueda must consider the performance of the yen that has reached its weakest level since November 2022 while also not risking any undue volatility in JGBs that in the 10-year sector reached 75 bp for the first time since 2013 on Thursday. Between normalizing policy and the lack o...
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Posted: Sep 21 2023, 21:34
Author Name: forexlive
Views: 112222