Forex Flash: The Yen may be bought back on the BoJ fact - BBH

FXstreet.com (Barcelona) - There is no compelling technical evidence suggesting that the yen is about to recover, says Marc Chandler. Global Head of Currency Strategy at BBH.

Marc adds: "The market appears to have discounted additional accommodation, with another JPY10 trillion asset purchases, a doubling of the inflation goal to 2%, and possibly the elimination of the interest paid to banks on excessive reserves. The yen was sold in anticipation of these easing moves; it may be bought back on the fact."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS