The December 18 and 19 Financial institution of Japan coverage assembly minutes publish is right here:
We have heard loads of hypothesis of an imminent pivot from the Financial institution for round two years now and thus far … nope/
The abstract remarks from the assembly are simply extra of the identical. there may be sufficient in there to indicate the Financial institution is conscious that situations might fall into place for eradicating YCC and finally jacking brief time period charges up out of unfavourable. However, not but.
USD/JPY jumped a little bit on the discharge of the minutes and has since gained additional. As excessive as simply above 142.80. I doubt it has legs to maneuver above 143.00 on the day right here:
This text was written by Eamonn Sheridan at www.forexlive.com.
