Friday’s meeting is unlikely to bring any changes, but market participants are likely to expect indications as to whether Ueda’s comments regarding more clarity at the end of the year are to be understood as a monetary policy signal or not from the subsequent press conference. That is likely to contribute to whether USD/JPY will move closer towards 150.
In any case, as the Yen continues to weaken, the likelihood of renewed currency market intervention is likely to increase.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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