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RBC: BOJ unlikely to shift policy any time soon; puzzling that analysts are bullish on JPY

RBC Capital Markets, reports an almost unanimous consensus against any change in policy parameters in the upcoming BoJ meeting early Friday. Surprisingly, despite muted expectations and persistent trends, analysts remain bullish on JPY.Key Points:Muted Expectations for Change:After the surprise widening of the YCC band in July, there is a consensus for no change in any policy parameters in the next announcement.Only four out of 46 respondents expect a policy change in the remainder of this calen... Read More

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Posted: Sep 24 2023, 21:05

Author Name: forexlive

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