USD/JPY on approach to 110 ahead of the BOJ statement

Author: Eamonn Sheridan | Category: Central Banks

The Bank of Japan policy statement is due today.

As always there is no firmly scheduled time for its release ... 0230 - 0330GMT is the good bet

No change to their main policy planks is expected 
Changes to GDP forecasts are expected, as are details on 'green' bi=onds/financing. In a nutshell this is lower borrowing rates for a 'green' project. 

USD/JPY has risen 20+ points in the past hour or so, rumpours and chatter is spares though. 
The Bank of Japan policy statement is due today.

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