USD/JPY: Where the BoJ actually stands? – Commerzbank
|Yen trades at the lowest level against the Dollar since last November. Economists at Commerzbank analyze USD/JPY outlook.
What does the BoJ want?
It seems that the Japanese central bankers want a stronger Yen, but without this being based on the expectation of a less expansionary monetary policy.
Excuse me? Now, not only me, but a number of confused market participants are probably hoping for a clearer signal from the BoJ meeting on Friday as to where the BoJ actually stands now. This puts more focus on the BoJ decision. To be honest I hold out little hope though that I will be any wiser on Friday.
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