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The Bank of Japan walks a fine line as yen strength unwinds

The Bank of Japan is playing with fire.Today's leak that they're inclined to leave yield curve control unchanged isn't a huge surprise given Ueda's comments on Tuesday but the stronger confirmation has unwound some yen strength.I wouldn't take for granted that USD/JPY completes the round trip here.Yes, the BOJ might not move at this meeting but there's a chance they tee up something for later so it will depend on the statement. That said, the leak indicating no meaningful changes to 2024 and 202... Read More

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Bank

Japan

Walks

Fine

Line

Strength

Unwinds

Forex

Posted: Jul 21 2023, 14:24

Author Name: forexlive

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