BOJ talk helping USD/JPY

The rebound in USD/JPY is said to be due to a report that’s circulating from an advisory firm that speculates that the Bank of Japan will ease further even without new downside risks to growth or inflation. It also says the central bank is not in a rush to make the move.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

6 Comments

  1. Read a story about some car manufacturers in Japan who are still planning on moving car production to the U.S. and/or China. Isn’t this indicative of them knowing something more than the average person? They are obviously foreseeing a forecast for at least the medium future of a strong Yen.

  2. BOJ is never in a rush to do anything lol

  3. BOJ graduated from the Federal Reserve Bank of Tokyo, at least.

  4. On the other hand, that kind of move will boost USD/JPY

  5. I saw something on Japanese TV several months ago about how Japanese corporates go about forecasting currency levels.

    My brief summary is this: they pull a number out of you-know-where.

    I was quite surprised, but they really don’t seem to have much method to their madness.

  6. well I think the BOJ has it hand full. as the world deleverages money has been coming home. an now we have soverign wealth funds rebalancing portofolios and
    getting out or reducing euro for asia and the trouble the amount involved can only go to the likes of yen,aud and HKD. You can get into some of the other asian currencies but you can’t get out which we saw in 98

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