USD/JPY is trading around 136.50 after failing to break above 138 earlier this week. Even so, BBH economists expect the pair to end up testing the July 14th high near 139.40.
The Bank of Japan will maintain the powerful monetary easing
“With risk sentiment improving from China’s stimulus plans and the Bank of Japan’s ultra-loose stance maintained, the USD/JPY pair should rally to end up testing the 14 Jul high near 139.40 “.
“Nakamura, a member of the Monetary Policy Committee, said that the current state of the economy does not allow for a change in the bank’s easing bias. We believe that Nakamura’s opinion represents the consensus and supports our view that current policy will remain in place. in the near future. The next meeting is September 21-22 and no change is expected then.”
Source: Fx Street
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